The official terms of reference for the Commission have laid out in broad detail the scope and scale of the inquiry
The new technological solution combines lead generation, fact find and calculators with both chatbot and live chat functionality
A new whitepaper has revealed many Australians feel there are too many options, highlighting a great opportunity for brokers
The changes come as part of an enhanced broker model developed after consultation with CIF and the bank’s third party network
When it comes to the next big thing, one mortgage franchise head has his eyes on the small business sector
A new public reporting regime will see brokers offer key info to consumers while aggregators and lenders report to ASIC
Areas of worry around a new government include impacts on mortgage sales, changes to negative gearing and tighter immigration policies
The forum has proposed brokers pay upfront based on amount drawn down and have clarified the industry’s stance on withholding trail
Limitations in the terms of reference make it highly unlikely that brokers will be the target of the upcoming Royal Commission
Four consumer groups have praised the Forum’s six principles as the right step forward but have called for more clarity around trail