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CEO of AMP resigns with immediate effect
by Reporter • 20 Apr 2018
AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down... READ MORE
NAB

NAB backs remuneration structure but calls for ‘improvements’
by Reporter • 20 Apr 2018
The major bank has written to brokers highlighting that it supports the current broker remuneration structure but... READ MORE
mortgage values rise

Total mortgage values rise in February
by Reporter • 20 Apr 2018
The total value of owner-occupier home loans increased in February, according to the latest data from the Australian... READ MORE
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More consistent support needed for new brokers: FBAA
by Reporter • 20 Apr 2018
The head of the Finance Brokers Association of Australia has said that the failure rate for new brokers is improving,... READ MORE

Aggregator acquires strategic interest in commercial lender
by Reporter • 19 Apr 2018
A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully... READ MORE
Money, magnifying glass, pay the price

Opinion: Will brokers pay the price for increased scrutiny?
by James Mitchell • 19 Apr 2018
Aggregators are under pressure to monitor their members more closely and dedicate more resources to compliance, which... READ MORE
Broker, meeting

Industry has its say on who a broker acts for
by Reporter • 19 Apr 2018
Several leading brokers and brokerages have clarified who a broker acts for, outlining what they believe the true role... READ MORE
Arrow up, coins

Bank ‘forced’ to hike interest rates
by Reporter • 18 Apr 2018
A regional bank has said that it was forced to increase rates by up to 16 basis points this week in response to rising... READ MORE
New appointment

Advantedge announces new appointment
by Reporter • 18 Apr 2018
A NAB-owned white label funder has announced changes to its state leadership in South Australia. READ MORE
Stephen Moore

Aggregation boss urges brokers to focus on data
by James Mitchell • 18 Apr 2018
The head of a major mortgage aggregator has stressed the importance of using customer data to build trust with clients... READ MORE
Cash flow, finance platform

OmniPay launches ‘collaborative’ supply chain finance platform
by Staff Reporter • 18 Apr 2018
A Sydney-based fintech has launched a new invoice finance platform aimed at helping suppliers better manage their cash... READ MORE
bank of queensland fall lending growth interest only lending

Lending slows by 18% at regional bank
by Reporter • 17 Apr 2018
A non-major lender has reported an 18.3 per cent fall in lending growth over the past quarter and a dramatic slowdown... READ MORE
AFG

Aggregator provides PC with ‘evidence’ of broker outcomes
by Reporter • 17 Apr 2018
AFG has provided the Productivity Commission with several examples of positive consumer outcomes produced by its... READ MORE
Changes to remuneration

Changes to remuneration could ‘put the market back 30 years’
by Reporter • 17 Apr 2018
Drastic changes to broker remuneration would cost borrowers “significantly more” and “put the market back 30... READ MORE
NAB

NAB prohibits advisers from forming new broker relationships
by Reporter • 17 Apr 2018
The big four bank has suspended the ability for financial advisers to establish new broker relationships under certain... READ MORE
Increase, satisfaction, brokers

Customer advocacy for brokers at ‘all-time high’: Advantedge
by Reporter • 16 Apr 2018
The satisfaction level among borrowers who used a broker to secure a white label mortgage is at a record high,... READ MORE
broker interview

Major lenders produce broker interview guide
by Reporter • 16 Apr 2018
The big four banks have released a new interview guide for use by brokers when introducing loans to participating... READ MORE
Home, values rise

Home loan demand falls as values rise
by Staff Reporter • 16 Apr 2018
Demand for home loans dropped again in February, though median dwelling values increased, according to new data from... READ MORE

FBAA calls for ‘perspective’ on broker remuneration
by Reporter • 16 Apr 2018
The Finance Brokers Association of Australia has urged for calm amid the ongoing scrutiny of the sector, highlighting... READ MORE
James Symond

Aussie extends partnership with OzHarvest
by Reporter • 13 Apr 2018
The major brokerage has announced that it has extended its partnership with food rescue charity OzHarvest until 2020. READ MORE
Stressed girl

Two-thirds of brokers ‘concerned’ about damage from RC
by Reporter • 13 Apr 2018
More than 65 per cent of brokers are either “seriously” or “moderately” concerned that the royal commission... READ MORE
James Shipton

ASIC chair slams industry for failing to remediate ‘crises’
by Jessica Yun and Annie Kane • 12 Apr 2018
New ASIC chairman James Shipton has rebuked the finance sector for failing to “play its part” in the regulatory... READ MORE
Lawyers, court

Professional indemnity risks increasing: FBAA
by Reporter • 12 Apr 2018
The Finance Brokers Association of Australia has urged brokers to ensure they hold “adequate” professional... READ MORE
Empty pockets, suffer without brokers

‘Every single mortgage holder’ would suffer without brokers: AFG
by Reporter • 12 Apr 2018
The head of a major aggregator has questioned the motives behind accusations of conflicts of interest and calls for... READ MORE
businessman clutching head stressed man on desk westpac update credit policy stricter expense process

Westpac introduces stringent new expenses process
by Reporter • 12 Apr 2018
The Westpac Group has updated its credit policies so borrower expenses will need to be captured at an “itemised and... READ MORE