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Aggregators are arguably one of the most important business partners a broker will have. Not only do they provide hands-on training, access to a lender panel, provide compensation to brokers, they also lobby lenders and work with industry bodies to push for change. With a massive amount of change in the aggregator space, Kate Aubrey takes a look at the current landscape.
In the last five years, aggregators have supported brokers through both the Productivity Commission’s Competition in the Australian Financial System review and the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, which both recommended the banning of trail commissions, among other wholesale changes to how the broking industry operates.
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