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Second tier finally makes clawback call

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Australian Broker | 01 Sep 2011, 07:00 AM Agree 0
Following months of considerations and discussions with broker groups, Adelaide Bank has decided on its clawback structure
  • mortgageandlease | 01 Sep 2011, 11:31 AM Agree 0
    Id almost be happy with .40 trail. $4,000 per annum for every $mil written. It would rebuild my book pretty quickly.
  • Kram | 01 Sep 2011, 11:59 AM Agree 0
    Where are all the Politician's running around saying, "there should be no clawbacks for Brokers"!... removing exit fees from customers, has just shifted the Banks profit needs back to the source... the one that can't fight back (in terms of real negotiating on contract agreements, etc). That said, I do applaud AB for at least getting creative with the options available based on the Brokers client dynamics.
  • positivebroker | 01 Sep 2011, 01:31 PM Agree 0
    Agree, its good to see some alternatives but it's a shame we're in this boat in the first place.
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