Australian Broker’s coverage of a broker who had his accreditation cancelled without a reason has inspired a meeting between brokers, the heads of industry associations, and senior aggregator staff
Aggregator heads believe situations where lenders cancel brokers’ accreditation without giving a reason are unfair and dangerous – but unlikely to change
Aggregators believe clawbacks as they are now are reasonable and lenders have the right to claim back their losses from brokers
At Australian Broker, we love a bit of healthy discussion. This week we look at some solutions to the issue of trail portability.
While brokers call on lenders and aggregators to allow trail portability, one aggregator has defended the lenders’ stance.
Declining market share has seen competition heat up between the majors, leading to greater incentives for brokers and their clients – as well as commission hikes.