mortgage brokers

Financial planning

The firm has announced a partnership with Vow Financial to make Virgin’s home loans available via Vow brokers....

Financial planning

Financial advice business launched in partnership

Two mortgage broking and financial advice firms have joined forces to launch new business together, Financial Advice Mortgage Solutions. ...

Policy & Regulation

ASIC reinforces 'know your client' with mortgage broker best interests

Mortgage brokers are going to have to abandon a one-size-fits-all approach with the Australian Securities and Investments Commission reinforcing that ‘know your client’ w...

Policy & Regulation

'Lack of transparency' found in mortgage products

There is an “overall lack of price transparency” in the interest rates of residential mortgage products, according to the interim findings of a report into home loans by ...

Financial planning

Advisers still better off than mortgage brokers from RC

AFA’s Phil Anderson says that despite pushback on Royal Commission recommendations to change trail commissions for mortgage brokers, advisers were still better prepared f...

Policy & Regulation

Mortgage brokers angered by clawbacks

Mortgage brokers believe the embedding of commission clawbacks in legislation will see them working for nothing....

Policy & Regulation

FPA urges personal best interest duty for mortgage brokers

Mortgage brokers themselves rather than credit licensees should be made to honour a best interest duty to clients, according to the Financial Planning Association....

Policy & Regulation

ASIC still negative on broker commissions

The Australian Securities and Investments Commission has signalled its continuing scepticism about mortgage broker commissions while claiming consumer research has valida...

Financial planning

Did the RC miss the mark?

More research has emerged suggesting the Royal Commission final report may have unduly targeted intermediaries rather than major banks and product providers....

Financial planning

AFA says RC hit the wrong targets

The Association of Financial Advisers has claimed the Royal Commission failed to hit what it was aiming at and, instead, has impacted small financial advisers and mortgag...

Financial planning

FSU calls for professionalisation for all

The Finance Sector Union has called for the current move to professionalisation to be extended beyond just planners, but has warned that there are issues with an industry...

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....

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...

Policy & Regulation

Brokers banned over fraud

The Australian Securities and Investments Commission has permanently banned three Sydney-based mortgage brokers from engaging in credit activities. ...