brokers

Policy & Regulation

Mortgage Choice has taken its predicted profit hit amid the slowing property market and the uncertainties created by the Royal Commission....

Policy & Regulation

UBS Securities hit with $120,000 penalty

UBS Securities has been slapped with a $120,000 penalty by the regulator’s Markets Disciplinary Panel after it had reasonable grounds to believe that UBS contravened mark...

Financial planning

CommBank backs brokers best interests duty

The Commonwealth Bank chief executive, Matt Comyn has agreed that mortgage brokers should be subject to the same sort of client best interests duty as financial planners....

Life/Risk

Will Bill place advisers in conflict with insurers?

A key Senate Committee has been told that the Government’s new Design and Distribution Obligations and Product Intervention powers risk putting advisers in conflict with ...

Policy & Regulation

PC: Trail commissions for mortgage brokers should go

Trail commissions have been dealt another blow, with the Productivity Commission recommending that they be banned in mortgage broking for all loans from the end of this y...

Financial planning

Brokers MIA when home team plays in World Cup

There is a noticeable dip in the number of trades during World Cup matches when the market’s national team is playing, Lonsec research shows. ...

Financial planning

Consumers still value brokers over banks

Consumers are still voting for brokers over the banks as the provider for lending options, according to Mentor Education Group founder, Mark Sinclair. ...

Financial planning

Brokers fear reputational damage following Royal Commission

More than 65 per cent of mortgage brokers are concerned about the reputation of their industry following the Royal Commission, according to a MyState Bank survey....

Funds management

Retail online investments climb

Retail online investor numbers climbed to a record high in 2017, with improving market sentiment seeing 645,000 Australian place at least one share in 2017, according to ...

People & Products

Key appointments at Aon

Aon has bolstered its broking business with two key appointments — with one being an internal promotion while the other is an external recruitment....

Financial planning

Brokers becoming the go-to for margin lending

More clients are going directly to stockbrokers for margin loans, while margin debt in the broker channel is almost on par with the financial planner channel....