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Appoints new head of distribution, handshake

AMP appoints new head of distribution
by Reporter • 6 Mar 2018
The non-major bank has announced that it will bring in a new director to head up the third-party channel in April. READ MORE
Microsoft-based platform updates software

Microsoft-based platform updates software
by Staff Reporter • 6 Mar 2018
FinPal has launched a new version of its financial planning software to incorporate integrations with Moneysoft and... READ MORE

RBA announces rate decision for March 2018
by Reporter • 6 Mar 2018
The Reserve Bank of Australia has announced its cash rate decision for March following its monthly board meeting. READ MORE
Magnet, money, cash

‘Clawbacks need to go’: FBAA tells PC
by Reporter • 6 Mar 2018
The clawback of broker commissions is “something to be concerned about”, the head of the Finance Brokers... READ MORE
Suncorp

Suncorp ‘dependent’ on brokers, says banking CEO
by Reporter • 6 Mar 2018
Suncorp Group has highlighted the importance of the broker channel amid the Productivity Commission’s ongoing probe... READ MORE
Mortgage rates

Rate transparency could ‘diminish’ broking industry
by Tas Bindi • 5 Mar 2018
The Bank of Queensland has told the Productivity Commission that greater visibility of mortgage rates could make the... READ MORE
Commonwealth Bank

Financial planners not needed in credit space: CBA
by Reporter • 5 Mar 2018
Bringing financial planners into the credit space would be unnecessary, according to a Commonwealth Bank... READ MORE
nab mortgage broker renumeration

NAB says brokers are a ‘force for good’, backs trail
by Tas Bindi • 5 Mar 2018
A major bank executive has told the Productivity Commission that mortgage brokers “are a force for good” and should... READ MORE
Credit union sees increase in broker flows

Credit union sees increase in broker flows
by James Mitchell • 2 Mar 2018
Mortgage brokers were responsible for originating just over $500 million in new lending for credit union CUA over the... READ MORE
fixed rates continues to fall

Demand for fixed rates continues to fall
by Staff Reporter • 2 Mar 2018
Demand for fixed rate home loans has fallen for the sixth consecutive month, new data has revealed. READ MORE
Brokers, agents

NRL tipping season declared open for brokers
by Reporter • 2 Mar 2018
Better Mortgage Management has declared the NRL tipping season open, welcoming brokers to participate. READ MORE
Better Business Awards

Victorian brokers honoured at Better Business Awards
by Reporter • 2 Mar 2018
The best brokers, BDMs and administrators in Victoria have been honoured at The Adviser’s Better Business Awards in... READ MORE
Major bank says brokers more expensive than branches

Major bank says brokers more expensive than branches
by Tas Bindi • 2 Mar 2018
A big four bank has revealed that it would be cheaper if home loan customers came directly to one of its branches than... READ MORE
Court finds major bank breached NCCP

Court finds major bank breached NCCP
by James Mitchell • 1 Mar 2018
The Federal Court in Melbourne has published its findings and reasons for ordering ANZ to pay a penalty of $5 million... READ MORE
Bank says broker fees would remove conflicts

Bank says broker fees would remove conflicts
by Tas Bindi • 1 Mar 2018
Bendigo and Adelaide Bank has told the Productivity Commission that fees for service would remove potential conflicts... READ MORE
Industry to defend trail commissions

Industry to defend trail commissions
by James Mitchell • 1 Mar 2018
The Combined Industry Forum is expected to highlight the benefits of trail commission to the Productivity Commission... READ MORE
New tool to simplify lending process

New tech tool to simplify lending process
by Reporter • 28 Feb 2018
Technology service provider NextGen.Net has launched an electronic tool to further digitise the loan application... READ MORE
Broker commissions ‘far aligned’ from customer interests

Broker commissions ‘far aligned’ from customer interests: PC
by James Mitchell • 28 Feb 2018
The chairman of the Productivity Commission has said that while it may be in the interests of the bank and the broker... READ MORE
Brokers

Filling ‘data gap’ would benefit broking, say associations
by Reporter • 28 Feb 2018
Improving transparency and the data available on the broking industry and banking is “in everyone’s interests”... READ MORE
Cash, money, dollars

Brokers settled $200bn of loans in 2017
by James Mitchell • 27 Feb 2018
Broker market share has continued to rise over the December quarter, according to fresh figures from MFAA. READ MORE
Arrow down, drop

YBR settlements drop by 2%
by Reporter • 27 Feb 2018
The brokerage has announced its results for the first half of the financial year, revealing that although profits... READ MORE
Royal commission hearing to look at fraud and accreditations

Royal commission hearing to look at fraud and accreditations
by Reporter • 27 Feb 2018
The first public hearings for the royal commission will focus on NAB’s introducer program and fraudulent loan... READ MORE
Bluestone Mortgages Asia Pacific acquired by US firm

Bluestone Mortgages Asia Pacific acquired by US firm
by Reporter • 27 Feb 2018
Private investment firm Cerberus Capital Management, L.P. has acquired specialist lender Bluestone Mortgages Asia... READ MORE
ANZ tightens IO lending

ANZ tightens IO lending
by Reporter • 26 Feb 2018
The major bank has announced that full income verification will be required from clients that wish to switch or... READ MORE
Broker scrutiny a ‘backhand compliment'

Broker scrutiny a ‘backhand compliment’, says AFG boss
by James Mitchell • 26 Feb 2018
AFG chief executive David Bailey is encouraging brokers to provide submissions to the Productivity Commission, adding... READ MORE