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ISCOVER
Staff Reporter
La Trobe Financial has guaranteed its brokers it will not change commissions in the immediate future.
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“Over the last few weeks we once again see changes in commission structures offered by a number of the larger financial institutions, and with market commentators continuing to speculate on who or what will be next I wanted to take this opportunity to mention that we are making no changes to our commission structures,” the company’s head of lending Iain Pepper said.
"That is no clawbacks on upfront commissions, full trail payable from the start of the loan and no volume hurdles".
According to Mr Pepper, the company is currently focusing on the forthcoming regulation and, as such, commission cuts are not even on the agenda.
“We remain committed to our brokers and with the increasing professionalism, the new regulations and protection for our customers it would seem that by cutting commissions or placing higher qualifying criteria goes against these requirements,” he said.
