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Dollar sign, hand, financial services

Comparison sites ‘do not necessarily provide good advice’: PC
by Tas Bindi • 7 Aug 2018
Financial services comparison sites “do not necessarily provide good advice” to customers and often operate on...READ MORE

Broker head leaves bank to launch consultancy business
by Reporter • 6 Aug 2018
Michael Trencher, the head of broker distribution at Heritage Bank, has left the bank to set up his own coaching and... READ MORE
Loan calculator

More customers asking for smaller banks: Survey
by Reporter • 6 Aug 2018
A new survey has found that 70 per cent of brokers have experienced an increase in the number of clients requesting... READ MORE
calls for calm

Industry reeling from PC trail stance but calls for calm
by Reporter • 6 Aug 2018
Several heads of industry have voiced shock and disappointment at the Productivity Commission’s recommendations on... READ MORE

Brokers and bankers should have ‘best interest’ obligation: PC
by Reporter • 3 Aug 2018
Brokers, bank staff and anyone who directly interacts with and offers or recommends a home loan to a borrower should be... READ MORE

Remove trail, says final Productivity Commission report
by Reporter • 3 Aug 2018
Trail commissions should no longer form part of a broker’s remuneration structure, the Productivity Commission has... READ MORE
Scott Morrison

Treasurer slams major banks for ‘subsuming’ broker industry
by Reporter • 3 Aug 2018
Treasurer Scott Morrison will deliver a speech today in which he will chastise the big four banks for having... READ MORE
Banning trail commission

NSW government suggests banning trail commission
by Reporter • 3 Aug 2018
Prohibiting the payment of trailing commission could ensure that it no longer contributes to “consumer detriment with... READ MORE
ASIC

ASIC calls on industry to submit business metrics
by Reporter • 3 Aug 2018
The financial services regulator is calling on all regulated organisations to submit their business metrics via a new... READ MORE
credit scrutiny

Brokers ‘shocked’ and ‘surprised’ by level of credit scrutiny
by Reporter • 3 Aug 2018
Brokers are “concerned” by increasingly stringent serviceability and lending policies, a leading broker has said,... READ MORE
variable rate mortgage victoria drive demand red house percent

Victorians continue to lead variable rate mortgage drive
by Reporter • 2 Aug 2018
Mortgagors in Victoria are continuing to drive demand for variable rate home loans, while Western Australians are... READ MORE

Changing demographics to alter dwelling demand
by Reporter • 2 Aug 2018
As Generation Y begins to enter the housing market, there could be a change in the types of dwellings sought after, a... READ MORE
rate hike, political scrutiny, magnifying glass

‘Political scrutiny’ delaying big bank rate hike
by Reporter • 1 Aug 2018
Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate;... READ MORE
digital channels, technology, brokers

Broker and borrower needs ‘changing rapidly’, says bank head
by Reporter • 1 Aug 2018
The needs of brokers, bank customers and the broader community are “changing rapidly” as technology develops and... READ MORE
new relationship manager

Short-term funder hires new relationship manager
by Reporter • 31 Jul 2018
A non-bank lender has appointed a new national relationship manager to help facilitate the growing demand for... READ MORE
meeting, discussion, ongoing service, brokers

Trail book buyer requires brokers to provide ongoing service
by Reporter • 31 Jul 2018
Effective immediately, Trail Homes will require brokers that are selling their trail books to provide ongoing service... READ MORE
Evidence, vertical integration harming consumers, magnifying glass

Vertical integration not a worry for Treasury
by Tas Bindi • 31 Jul 2018
The Australian Department of Treasury has told the financial services royal commission that there is a lack of evidence... READ MORE
Document, requirements

Tighter serviceability long overdue, says broker
by Reporter • 30 Jul 2018
A Perth-based mortgage broker has welcomed tighter serviceability requirements, noting that such questions should have... READ MORE
broker businessman and businesswoman talking brokers charge clawback clauses

Borrowers wouldn’t use brokers who charge clawbacks: Survey

by Tas Bindi • 30 Jul 2018
Nearly 80 per cent of mortgagors would be put off using a broker that charged a clawback fee, with just as many not... READ MORE
Puzzle piece

Brokerage completes management buyout
by Reporter • 30 Jul 2018
A South Australia-based mortgage brokerage has re-branded after its management assumed a controlling stake in the... READ MORE
interest, money, cash, Australian dollar

Best interests duty needs ‘careful consideration’: Treasury
by Reporter • 30 Jul 2018
Treasury has said that while there may be an “in-principle case” for introducing a duty for brokers to act in the... READ MORE
Westpac

Westpac to fast-track remuneration reform ahead of RC report
by Tas Bindi • 30 Jul 2018
The major bank has pledged to fast-track the process of implementing recommendations from the Sedgwick review published... READ MORE

Bank withdraws 2 BDMs due to ‘soft market conditions’
by Reporter • 27 Jul 2018
A non-major lender has announced that it will be withdrawing business development managers from two states, citing... READ MORE
Money, treasury

Treasury releases its thoughts on broker remuneration
by Reporter • 27 Jul 2018
Treasury — in its most comprehensive outline of its thoughts on broker remuneration since ASIC’s remuneration... READ MORE
delayed until 2019, time, sand timer

Response on broker remuneration could be delayed until 2019
by Reporter • 27 Jul 2018
The head of the FBAA has suggested that the government response to ASIC’s 2017 review of broker remuneration could be... READ MORE
Bankwest

Bankwest launches auto-valuation functionality for brokers
by Tas Bindi • 27 Jul 2018
The lender has announced the addition of a new functionality that will allow brokers to request upfront auto-valuations... READ MORE
Macquarie

Macquarie expands mortgage book by $1.6bn
by Reporter • 26 Jul 2018
The group’s retail banking division has reported a quarterly rise of 5 per cent in its mortgage portfolio, with... READ MORE
referree holding red card penalty westpac banker permanently banned mortgage fraud

Former Westpac banker permanently banned for mortgage fraud
by Reporter • 26 Jul 2018
ASIC has permanently banned a former Westpac banker from engaging in credit activities, after finding that he had... READ MORE
businessman running jumping hurdles obstacles brokers v branches broker channel

Brokers v branches: The competitive utility of the broker channel
by Reporter • 26 Jul 2018
ANALYSIS: Mortgage brokers are challenging the oligopoly in the banking sector, giving smaller lenders with little or... READ MORE
customer service, customer sentiment

Industry falling behind on measuring customer sentiment
by Reporter • 26 Jul 2018
Just a fifth of Australian financial services businesses are measuring customer sentiment on social media, according... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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