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ING appoints new head of third party
by Annie Kane • 19 Oct 2018
ING has announced that it has appointed a new head of third-party distribution and direct mortgages.
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Regulator reviews school financial literacy programs
by Annie Kane • 19 Oct 2018
The corporate regulator is set to review financial literacy and banking programs in primary schools to assess the... READ MORE
YBR takeover offer to expire today
by Annie Kane • 19 Oct 2018
Mercantile OFM’s off-market offer to acquire all of the ordinary shares in Yellow Brick Road will expire today, with... READ MORE
Brokers lament ‘patronising’ serviceability changes
by Reporter • 19 Oct 2018
The introduction of tighter serviceability measures has surprised most brokers who have always exercised due diligence... READ MORE
Former credit union CEO charged with criminal offence
by Reporter • 19 Oct 2018
The former CEO of a credit union could face up to five years’ imprisonment after being charged with a criminal... READ MORE
AFCA unveils new strategy
by Annie Kane • 18 Oct 2018
The Australian Financial Complaints Authority has revealed its strategy, goals and vision, outlining that it will... READ MORE
Market share rise proof that ‘commissions work’, says non-bank
by Charbel Kadib • 18 Oct 2018
The continued growth in broker market share proves that the current arrangements in the broking model are working, the... READ MORE
Former broker head launches business consultancy
by Annie Kane • 17 Oct 2018
The former head of broker distribution at Heritage Bank has opened a new business coaching and consultancy practice for... READ MORE
Removing trail would turn brokers into ‘hunters, not farmers’
by Charbel Kadib • 17 Oct 2018
The chairman of a major broking franchise has advised against changes to broker remuneration, stating that there is... READ MORE
Bank prohibits brokers from self-submitting loans for personal use
by Reporter • 17 Oct 2018
Teachers Mutual Bank has become the latest lender to prevent brokers from submitting their own personal mortgage... READ MORE
Affordability beginning to recover, new data shows
by Tim Neary • 17 Oct 2018
The HIA Affordability Index has shown a rising improvement in housing affordability in Australia, with its index rising... READ MORE
International Mortgage Brokers Federation launches
by Annie Kane • 16 Oct 2018
A new cross-border broker association has launched as the FBAA forms the “world-first international federation for... READ MORE
Mortgage Choice appoints new CFO
by Charbel Kadib • 16 Oct 2018
The broking franchise has announced the appointment of a new chief financial officer.
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AMP rolls out borrower interview guide
by Annie Kane • 16 Oct 2018
The wealth giant has joined the ranks of the big four banks by requiring brokers to adopt a borrower interview guide... READ MORE
New digital ‘banking alternative’ launches
by Reporter • 16 Oct 2018
A new digital platform, run in partnership with Bendigo and Adelaide Bank, has launched to give Australians a... READ MORE
ANZ CEO chimes in on broker debate
by Charbel Kadib • 15 Oct 2018
ANZ CEO Shayne Elliott has responded to calls for broking reform during a parliamentary committee hearing in... READ MORE
Brokers on a ‘one-way ticket’ to 60–70% market share
by Charbel Kadib • 15 Oct 2018
The head of a major aggregator is confident that the broking industry will further capitalise on the growing distrust... READ MORE
Home loan approvals continue slipping
by Reporter • 15 Oct 2018
Mortgage approvals fell by 2.7 per cent in August, this time driven by a decline in owner-occupied home loan approvals... READ MORE
Former CBA mobile lender to stand trial for loan fraud conspiracy
by Annie Kane • 12 Oct 2018
A former mobile lender for the Commonwealth Bank of Australia is to stand trial for conspiracy to defraud the bank,... READ MORE
‘Tricky’ broker model ‘mostly works well’: Westpac CEO
by Charbel Kadib • 12 Oct 2018
Westpac CEO Brian Hartzer has highlighted the importance of the current broking model, despite stating that a... READ MORE
Brokers will need to become ‘mortgage advisers’: Fintech head
by Annie Kane • 12 Oct 2018
Mortgage brokers will need to move to become “mortgage advisers” or risk being left behind, the head of an... READ MORE
Trust in financial services crucial to economic growth
by Eliot Hastie • 12 Oct 2018
Australia’s economic growth will suffer if trust is not rebuilt in the financial services industry, according to CFA... READ MORE
Former Vow Financial CFO joins tech solutions firm
by Reporter • 12 Oct 2018
A technology solutions firm has appointed the former CFO of Vow Financial to its executive team.
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Human oversight needed over data analytics
by Annie Kane • 11 Oct 2018
Big data and analytics are a key part of the current and future success of businesses, but human oversight is still... READ MORE
Brokers encouraged to review professional indemnity cover
by Reporter • 11 Oct 2018
The Finance Brokers Association of Australia has urged brokers to review their professional indemnity (PI) insurance as... READ MORE
Aggregator launches new commission management platform
by Annie Kane • 10 Oct 2018
Custom Equity Group has launched a new cloud-based commissions and portfolio management platform to help boost broker... READ MORE
Major bank profits could rise by 1.8% if trail is cut
by Charbel Kadib • 10 Oct 2018
The big four banks would increase their profits by an average of 1.8 per cent should trail commission be removed, but... READ MORE
Fixed rate demand rises by 6% in September
by Reporter • 10 Oct 2018
Borrower demand for fixed rates increased in September, rising off the back of out-of-cycle rate hikes from the banks,... READ MORE
Major aggregator launches broker profiling tool
by Reporter • 10 Oct 2018
A major finance aggregator has launched a profiling tool to assist with broker recruitment and training.
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FBAA refutes RC concern over broker commissions
by Charbel Kadib • 9 Oct 2018
The industry association has responded to a suggestion made by Commissioner Hayne that the payment of value-based... READ MORE
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