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ING announces change to broker remuneration
by Reporter • 27 Nov 2018
The non-major bank has become the latest lender to announced that it will change the way it calculates upfront... READ MORE

MyState Bank changes broker comms
by Annie Kane • 26 Nov 2018
MyState Bank has today announced changes to the way its upfront commissions are calculated. READ MORE

Brokers urged to ‘take the cause’ to politicians
by Annie Kane • 26 Nov 2018
A seasoned broker has issued a call for brokers to “take action now” and meet with their local MPs and senators... READ MORE
CBA

No evidence to back CBA chair’s claims
by Eliot Hastie • 26 Nov 2018
Commonwealth Bank chair Catherine Livingstone insisted that she had challenged the bank’s regulatory report despite... READ MORE

Social responsibility to be embedded in broking courses
by Reporter • 26 Nov 2018
A training and education firm has teamed up with a brokerage as it moves to redevelop the corporate social... READ MORE
Red arrow down

Bank satisfaction continues downward spiral
by Reporter • 26 Nov 2018
The financial services royal commission has continued to drive a fall in bank satisfaction, according to the latest Roy... READ MORE
Bully

Mortgage Choice, AFG call out CBA ‘bullying’
by Charbel Kadib • 23 Nov 2018
The CEOs of Mortgage Choice and AFG have criticised Commonwealth Bank CEO Matt Comyn’s support for remuneration... READ MORE
handshake appointment

Bank names new CEO - Nov 2018
by Reporter • 23 Nov 2018
A non-major bank will be promoting its current chief customer officer to CEO in April of next year. READ MORE
Macquarie building

Bank CEO backs brokers and remuneration structure
by Annie Kane • 22 Nov 2018
The CEO of a non-major bank has told the financial services royal commission that brokers provide “genuine... READ MORE

RC suggests it is considering recommendation to ban trail
by Annie Kane • 22 Nov 2018
The senior counsel assisting the royal commission has suggested that the commission is looking to potentially... READ MORE

Westpac refutes remuneration drove car loan misconduct
by Annie Kane • 22 Nov 2018
The CEO of a big four bank has denied suggestions that remuneration arrangements contributed to a decision to approve... READ MORE

MFAA members elect 2 directors
by Annie Kane • 22 Nov 2018
The broker association has appointed two new directors to the MFAA board. READ MORE
Appointment

Genworth renews LMI contract with NAB, appoints new CFO
by Reporter • 22 Nov 2018
The mortgage insurer has announced that it has renewed its lenders mortgage insurance contract with NAB’s third-party... READ MORE

Open letter to CBA CEO Matt Comyn
by Alex Whitlock • 21 Nov 2018
The director of mortgages at Momentum Media has written an open letter to the CEO of the Commonwealth Bank of... READ MORE
Conflict

‘Does he take us for mugs?’: Aggregator head blasts Comyn
by Charbel Kadib • 21 Nov 2018
The head of a major aggregator has refuted claims made by CBA CEO Matt Comyn, and has issued a call to... READ MORE
Loan

FHBs drive slump in home loan aspirations
by Reporter • 21 Nov 2018
Fewer Australians plan to take out a home loan in the next 12 months, down by 17.7 per cent year-on-year, according to... READ MORE
Increasing arrow

Demand for margin lending on the rise
by Sarah Simpkins • 21 Nov 2018
Australian investors are increasingly leaning towards borrowing to finance online investments, as found by a report... READ MORE
Boxing gloves

Industry slams ‘self-serving’ CBA
by Charbel Kadib • 20 Nov 2018
The mortgage broking industry has responded to Commonwealth Bank CEO Matt Comyn’s “anti-competitive” expression... READ MORE
Competition

Incentives promote competition between bankers and brokers: CBA
by Tas Bindi • 20 Nov 2018
Abolishing financial incentives for frontline staff has created an “unlevel playing field” between frontline bank... READ MORE
Handshake

Major bank reaffirms commitment to broker channel
by Reporter • 20 Nov 2018
A big four bank has said that it’s “absolutely” committed to the broker channel, stating that “customers are... READ MORE

Building society to rebrand under regional bank
by Reporter • 20 Nov 2018
The Rock, a building society that was bought by a Tasmania-based banking group in 2011, is to rebrand from next month. READ MORE
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