Let my trail book go, brokers demand

by Adam Smith28 Mar 2013
"Given that it is something that can be done in the financial planning world, we're of the feeling there's no reason it couldn't happen other than the fact that aggregators would be feeling they're the ones who are going to miss out on revenue."

And this, Dinte said, isn't reason enough to shackle brokers to trail agreements.

"In a perfect world of competition, the aggregators offering the best service or best meeting the needs of their members are the ones who are going to attract brokers. If aggregators were in a position where they were losing a lot of people they would have to look internally to see where they're falling down and where they need to lift their game," he said.

Dinte said the call among brokers for transferrable trail is growing.

"People are starting to say enough is enough, and at some point you have to draw a line in the sand and say you're going to fight for your rights," he said.

And this groundswell is growing as more financial planners move into mortgage broking, Dinte suggested.

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  • by OzBoy 28/03/2013 9:06:23 AM

    Never going to happen. Where is AFG or Advantage? Exactly, don't waste your time. Sad but true.

  • by Adrian Buscombe 28/03/2013 9:16:49 AM

    This is a great idea Stephen hope you achieve agreement with the other aggregators.

    What happened to Plan and AFG?

  • by suspicious 28/03/2013 9:18:27 AM

    Amazing! An attempt to assist brokers and their business. This is potentially one of the most significant issues for the industry and critical that it is pursued. Unfortunately ,from past experiences , the banks and aggregators will show their fangs and we run away back to behave as we are told.to.