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Major bank to change commissions next year
by Annie Kane • 6 Dec 2018
A big four bank has confirmed that it will be changing the way it calculates upfront commissions from next year, in... READ MORE
Brokers

Most brokers would dump CBA if comms go: HashChing
by Reporter • 6 Dec 2018
A majority of brokers would cancel their accreditation or avoid using Commonwealth Bank products if a fees-for-service... READ MORE
amp limited announce group leadership announcement amp logo building

AMP announces group leadership appointment
by Reporter • 6 Dec 2018
The financial services giant has announced the appointment of a group executive to its leadership team. READ MORE

Non-major bank announces new commission structure
by Annie Kane • 5 Dec 2018
Another bank has announced that it will be updating the way it pays broker commissions from 1 January 2019. READ MORE
Investment property

FHB activity underreported with 1 in 3 opting to invest
by Reporter • 5 Dec 2018
First home buyers could be more active than reported in official statistics, with over a third choosing to purchase an... READ MORE

RBA reveals pre-Christmas cash rate

by Tim Neary • 4 Dec 2018
The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a... READ MORE

ASIC bans three convicted brokers
by Reporter • 4 Dec 2018
The corporate regulator has permanently banned three Victorian-based brokers convicted for conspiring to defraud... READ MORE
Cash rolls

The arguments for and against fees
by Annie Kane • 4 Dec 2018
Given the royal commission’s focus on broker remuneration and commissions, brokers have been outlining their thoughts... READ MORE
cancelled stamp

ASIC cancels licences of financial services firm
by Reporter • 4 Dec 2018
The corporate regulator has announced that it has cancelled the ACL and AFSL of a Melbourne-based financial services... READ MORE
Housing loan growth

Regional bank reports strong housing loan growth
by Reporter • 4 Dec 2018
A non-major bank has seen a major uplift in housing loan growth in the past financial year, rising by $653 million in... READ MORE

Bank appoints new broker head
by Charbel Kadib • 3 Dec 2018
A non-major bank has announced the appointment of a new head of broker distribution. READ MORE
ANZ

ANZ CEO weighs in on the HEM debate
by Charbel Kadib • 3 Dec 2018
The use of the Household Expenditure Measure to assess serviceability was initially less common for broker-originated... READ MORE

Straight-through processing could be achieved in 2019: Mogo
by Annie Kane • 3 Dec 2018
One aggregator and one lender could come out with a “straight-through processing solution” next year, the heads of... READ MORE
Mentor program

Brokerage launches new mentor accreditation program
by Reporter • 3 Dec 2018
A major broking group has launched a new mentor accreditation program to help develop its experienced brokers into... READ MORE

Ombudsman clarifies new securitisation fund following ‘confusion’
by Annie Kane • 3 Dec 2018
The small business ombudsman has clarified what the $2 billion Australian Business Securitisation Fund will involve,... READ MORE
Woman talking on the phone

Women brokers on the decline: MFAA
by Reporter • 30 Nov 2018
While there is no gender pay gap in the mortgage broking industry, unlike financial services more broadly, the... READ MORE
Questions

The Adviser launches major borrower survey
by Reporter • 30 Nov 2018
The Adviser aims to highlight the experiences of borrowers through the retail and third-party channels through a... READ MORE
Brokers

Uncertainty over broker agency ‘surprising’: Bendigo chairman
by Charbel Kadib • 30 Nov 2018
The chairman of Bendigo and Adelaide Bank has said he was “surprised” that the roles and responsibilities of... READ MORE

Former Westpac broker head joins non-major
by Annie Kane • 29 Nov 2018
A former general manager of third-party distribution at Westpac has joined a Tasmania-based bank as general manager of... READ MORE
Boxing gloves

Aggregator groups continue fight on behalf of brokers
by Annie Kane • 29 Nov 2018
More aggregators have joined the defence of the broking industry and its current remuneration structure, including... READ MORE
Shayne Elliott

ANZ CEO laments complex ‘408-step’ mortgage process

by Charbel Kadib • 29 Nov 2018
ANZ CEO Shayne Elliott has conceded that the bank’s complex mortgage application process has contributed to much of... READ MORE
money and calculator

Non-bank capitalises on major bank retreat

by Reporter • 29 Nov 2018
The “decreased risk appetite” of major lenders has helped a non-bank achieve $2 billion in settlement growth since... READ MORE
Home loans

New player launches white-label home loans
by Reporter • 29 Nov 2018
A new entrant to the mortgage market has announced the launch of its home loan products. READ MORE

Final day to notify ASIC of AFCA membership
by Annie Kane • 29 Nov 2018
A final reminder has been issued to credit representatives and licensees to notify the regulator of their AFCA... READ MORE
interest-only loans

Borrowers divided over interest-only home loans
by Reporter • 28 Nov 2018
Sentiment regarding the utility of interest-only home loans is split; however, negative sentiment towards interest-only... READ MORE