Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Franchise head claims bank ownership debate is 'misreported'

Notify me of new replies via email
Julia Corderoy | 19 Sep 2014, 06:30 AM Agree 0
​The head of a major franchise has hosed down concerns that bank ownership of aggregators or franchises distorts mortgage brokers’ lender recommendations
  • MYRR | 19 Sep 2014, 09:01 AM Agree 0
    Not sure the same can be said of those aggregators whose commission structure is based on how much of the parent company's white lable product is sold - I still don't understand how ASIC & ACCC have not yet investigated this. It is a model set up to create bias rather than provide the most suitable product to the client.
  • Country Broker | 19 Sep 2014, 09:33 AM Agree 0
    Great Comments . I felt the commentary Made by the head of the small bank was simply misinformed and showed a lack of understanding of how brokers MUST work under the NCCP .
  • Martial Peter | 19 Sep 2014, 10:05 AM Agree 0
    To avoid false accusations, I suggest that all aggregators provide full disclosure on volumes received by the banks on their panel.
Post a reply