The interim report of The Financial System Inquiry has re-opened the debate over the independence of aggregators and brokers, and an industry leader has claimed this independence could be under threat
The hot topic of the week yet again centres around cancelled accreditation – but this time an industry meeting has been called to do something about it
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.