One mortgage industry veteran has labelled recent comparisons with the UK mortgage market “incredibly misleading”
Making news this week the future of trail commissions and bonus commissions have been questioned and foreign investors were slapped with a new property surcharge
AFG took its national Masterclass series industry-wide to discuss the mortgage broker remuneration review currently being undertaken by ASIC. Brokers were invited to discuss the concerns and opportunities of the review with an expert industry panel featuring both the MFAA and FBAA alongside AFG executives.
Banning trail would destroy consumer outcomes and could leave many brokers considering leaving the industry altogether
Incentive-based commissions are also likely to face the axe under ASIC’s remuneration review, the FBAA has told brokers
The mortgage broking sector in Australia should be concerned about the future of trail commissions as a part of ASIC’s remuneration review, an industry veteran has told brokers