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New legislation to bring 'structural issues' to light regarding broker commissions

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Australian Broker | 18 Feb 2016, 08:00 AM Agree 0
New legislation governing commissions in the life insurance advice industry is unlikely to have a major impact on mortgage broker commissions, but it is likely to have some effect on the upcoming remuneration review
  • Broker | 18 Feb 2016, 09:15 AM Agree 0
    The Minister for Small Business - what an oxymoron!
  • Maria Rigoni | 21 Feb 2016, 10:38 AM Agree 1
    The pattern is repeating. Anyone who works in the financial services industry outside "the banks" is having their business revenue restricted by politicians. Why? I am sure that insurance policy premiums won't go down in price.
    Hmm! I wonder which businesses will be reporting bigger profits?
  • Operations | 25 Feb 2016, 04:53 PM Agree 0
    Well said Maria, most to all lenders have level commission payments making brokers not swayed to a single lender - positioning clients to lenders based on product, service, client objectives and lastly rate.
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