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