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Brokers News Today: MFAA and FBAA defend brokers against RBA commission claim

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Brokers News Today: MFAA and FBAA defend brokers against RBA commission claim

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March 26, 2015 04:36pm | News

Reported in Broker News today, the MFAA and FBAA defend brokers against RBA commission claim.

http://www.brokernews.com.au/news/breaking-news/mfaa-and-fbaa-defend-brokers-against-rba-commission-claim-198579.aspx

QED Risk Services View

Well said Siobhan. Hmmm - and in broker world, their conflicts of interest are disclosed with the client in the form of a Credit Proposal Disclosure Document!! Branch jockeys provide no such thing. Imagine if they did?? "If I write $X this month I'm going to get $YY performance bonus."  How does NCCP compliance rate here?

RBA and APRA need to'waken up' on this one.

Greg Ashe, Director

 

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