Login
ISCOVER
Everyone has an opinion, and some people feel compelled to speak out. Here are just a few comments prompted by daily news broken on www.theadviser.com.au over the last month.
ON ST GEORGE COMMISSION CUT TIMING...
Just means more power to the non-banks. Haven't dealt with a Westpac subsidiary for over 18 months and will continue to support the non-banks that offer far better service now than any major bank.
Vince Boyle
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Brokers need to stop making noises about leaving the industry and start supporting the lenders that support our industry. Banks want brokers out of the industry so that customers will be forced to make their home loans decisions based on the banks advertising alone. Then they can compete with each other on their own terms. The more brokers threaten to leave, the more encouraged the banks will be.
Wayne Dierden
The changes in commission by St George just reaffirm my decision not to renew my accreditation by submitting the required amount of deals. We as a group of workers and business people have never had to do so much for so little. The decision makers clearly have no idea what it costs and the hours and effort it takes to be a successful broker. We, unlike our branch counterparts, do far more than just write a loan. We educate people about the whole buying process and we hold their hand from first point of contact, right through to settlement and long after. I attend auctions with my clients that wish to offer support. Industry pundits with their own agendas and protected interests, say the new NCCP regime will be fantastic as it will professionalise the industry and force many brokers that simply are not up to scratch out of the market - hence leaving more work for those that remain. I will guarantee that if commission cuts persist the industry will lose excellent people, simply because they can make more money in other sales roles. Please consider carefully before you bite the hand that feeds you.
Bob Campbell
ON GOVERNMENT NOT UP TO SCRATCH...
A government made up of ex-union people who mainly dealt with large businesses while they were union delegates, have absolutely no idea how the economy depends on small business. It is surprising though that the Labor government can survive. One must assume that there are still small business owners who have not spoken to their employees about survival and who pays them!
John Haster
Liberal, labour, democrat, republican, conservative or any other government in the world are the lackeys of the Central Banksters - gangsters with no guns but a printing press. The only way to have a rich, robust economy is to allow banks that fail to FAIL and allow interest fluctuations to be driven by the market - not manipulated to falsely inflate an economy which is not supported by the necessary savings. Solve a credit bubble by creating new credit at low rates - looming disaster - and everyone including business will suffer. Since when did private profit for the private shareholder of the private banks become the responsibility of the tax payer? Business people should be responsible for themselves - including the banksters. Look what the nanny state has dished up - particularly in Europe and the US - bankrupt, corrupt banks still in business, and unashamedly supported by dumb governments who are able to openly steal increased taxes from the people to pay for it.
Wayne Shepard
JOIN THE DISCUSSION