Powered by MOMENTUM MEDIA
the adviser logo
Lender

ANZ in commission restructure talks

by Staff Reporter1 minute read

Consultation about possible changes to its commissions structure is currently underway between ANZ and broker groups, an ANZ spokeswoman has confirmed with Mortgage Business.

According to the spokeswoman the bank was in discussion with broker groups to ensure an informed future structure for its broker commissions.

The spokeswoman emphasised that the broker market remained an important part of ANZ’s mortgage business and that the bank looked forward to working closely with brokers to ensure a sustainable industry.

“So far we have gained valuable feedback from brokers and will not make a final decision until we have concluded discussions,” she said.

An announcement of that final decision should be made in coming weeks, the spokeswoman confirmed.

Published: 11-06-08

default

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Nathan dal Bol

Expanded Home Guarantee Scheme launches

More places have become available under the expanded Home Guarantee Scheme. The scheme currently comprises the First...

READ MORE
Murray Cowan

BMM expands SMSF loan product

Better Mortgage Management (BMM) has confirmed that it has expanded its Aspire Self Managed Super Fund (SMSF) loan...

READ MORE
Clayton Howes  CEO MME

MoneyMe completes inaugural term securitisation transaction

According to MoneyMe, the $200 million term securitisation was a private placement with “three major Australian...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more