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CBA

Major bank CEO backs fees-for-service model
by Charbel Kadib • 19 Nov 2018
The CEO of a big four bank has expressed support for a “consumer pays” model in the broking industry, which he... READ MORE
Fixed rates

‘Concerned’ borrowers turning to fixed rates
by Reporter • 19 Nov 2018
Mortgage holders are increasingly opting for fixed rates amid out-of-cycle variable interest rate rises, according to... READ MORE
Better Business Summit

Better Business Summit agenda revealed
by Reporter • 19 Nov 2018
The agenda for the Better Business Summit 2019 has been announced, with brokers set to hear from a host of... READ MORE
fbaa conference in queensland asic best interest duty broker industry

ASIC reveals its view on new ‘best interests’ duty for brokers
by Annie Kane • 16 Nov 2018
The financial services regulator supports the introduction of a “best interests” duty for brokers, a senior manager... READ MORE

‘Best interest’ duty a ‘bad outcome’ for consumers: HashChing
by Annie Kane • 16 Nov 2018
Introducing a “best interests” duty for brokers would have the unintended consequence of reducing competition and... READ MORE
Financial service

AFCA to herald ‘a new era of good faith’ after RC
by Tas Bindi • 16 Nov 2018
AFCA’s mission is to herald “a new era of good faith in financial services”, the chair said, especially after the... READ MORE
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FBAA announces 2019 state leaders
by Reporter • 16 Nov 2018
The broking industry association has named its state presidents and councillors for the coming year. READ MORE
Property, mortgage house

Real estate director to oversee mortgage brokerage
by Annie Kane • 16 Nov 2018
Real estate franchise group Harcourts International has announced that its new international chief operating officer... READ MORE
Magnifying glass and AUstralian money

Lender cracks down on savings verification
by Reporter • 15 Nov 2018
A lender has updated its credit policy to require brokers to explain the source of their clients’ “genuine... READ MORE

Major bank announces commission structure changes
by Annie Kane • 14 Nov 2018
A big four bank has announced that it is to change broker commissions from next week, becoming the penultimate major... READ MORE

Government launches $2bn fund for SME lenders
by Annie Kane • 14 Nov 2018
The federal government has announced a new $2 billion Australian Business Securitisation Fund to help provide... READ MORE
AFG Building

Flat commissions could eliminate ‘lender choice conflicts’: AFG
by Charbel Kadib • 14 Nov 2018
Legislating for the provision of standardised commissions could help eliminate conflicts that encourage lenders to use... READ MORE

Regionals rally behind brokers in RC response
by Charbel Kadib • 14 Nov 2018
Australia’s regional banks have urged the financial services royal commission to consider the potential... READ MORE
Magnifying glass verifying data

Major bank ‘enhances’ verification requirements
by Reporter • 14 Nov 2018
A big four bank has announced that it will implement a swathe of changes to its home and investment lending policy. READ MORE
Handshake

Insurance brokerage rebrands following acquisition
by Annie Kane • 14 Nov 2018
Insurance provider Ensurance Now has rebranded following a successful acquisition and is targeting brokers under a new... READ MORE
Folder of resumes

Bank seeks new head of broker
by Annie Kane • 13 Nov 2018
A non-major bank has announced that it is recruiting for a new head of broker as its former manager moves into a new... READ MORE
Question

Major aggregator dismisses ‘surprising’ RC question
by Charbel Kadib • 13 Nov 2018
A major mortgage aggregator “cannot understand” why Commissioner Kenneth Hayne raised the question of broker... READ MORE
Mentoring

New post-mentoring program for brokers to launch
by Annie Kane • 13 Nov 2018
A new program for brokers looking to continue business coaching and networking after their required two years of... READ MORE

YBR announces raft of new appointments
by Annie Kane • 12 Nov 2018
The former head of broker services at Aussie Home Loans has been made YBR’s new head of operations, amid a swathe of... READ MORE
Brokers

Major banks in favour of ‘customer first duty’ for brokers
by Tas Bindi • 12 Nov 2018
The major banks have agreed that an appropriately crafted best interests duty for brokers, different to that applied to... READ MORE

Bank proposes introduction of standardised commissions
by Charbel Kadib • 12 Nov 2018
Introducing an industry standard commission paid to brokers irrespective of the lender would help remove perverse... READ MORE

Lender enhances marketing kit for brokers
by Reporter • 12 Nov 2018
A non-bank lender has enhanced its marketing toolkit for brokers to help promote their services on social media. READ MORE
Caution tape

Brokerage slams bank involvement on broker comms
by Annie Kane • 9 Nov 2018
A leading mortgage broking group has warned the royal commission that “asking banks to redesign the broker... READ MORE
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Macquarie restricts SMSF loan offering
by Charbel Kadib • 9 Nov 2018
The non-major lender has said that it will only offer SMSF property lending through brokers with existing SMSF... READ MORE
House and coins

Major banks reveal thoughts on broker remuneration to RC
by Annie Kane • 8 Nov 2018
The major banks have all voiced their support of the Combined Industry Forum’s broker remuneration reform package,... READ MORE