With commission reviews by ASIC and the banks, we ask if aggregators are doing enough to protect their members
With commission reviews by ASIC and the banks, we ask if aggregators are doing enough to protect their members
ASIC’s remuneration review; the Australian Bankers’ Association banking reform review: all of these things are happening to brokers, but not necessarily involving brokers. The ABA’s first report, for example, listed ‘stakeholder consultations’ with banks, regulators, consumer organisations, but no broker representatives. Given no brokers are involved, how can brokers expect favourable outcomes?
Brokers need a voice, and whilst the responsibility has traditionally fallen to the MFAA and FBAA, our Brokers on Aggregators survey asks what your aggregator can do. Some aggregators are huge businesses whose comments are widely reported by the financial press and listened to by policy makers. Other smaller aggregators can respond quickly to members’ demands and draw on long-established relationships with lenders.
Our survey also allows you to rate your aggregator, includes questions about commission models and reasons to leave your aggregator (or not). By filling out the survey you could win one of two luxury hampers from the Hamper Emporium.
The survey closes next week so please take 2 minutes of your time and fill it out now: http://survey2.keymedia.com/MPA/BrokersonAggregators2016/
ASIC’s remuneration review; the Australian Bankers’ Association banking reform review: all of these things are happening to brokers, but not necessarily involving brokers. The ABA’s first report, for example, listed ‘stakeholder consultations’ with banks, regulators, consumer organisations, but no broker representatives. Given no brokers are involved, how can brokers expect favourable outcomes?
Brokers need a voice, and whilst the responsibility has traditionally fallen to the MFAA and FBAA, our Brokers on Aggregators survey asks what your aggregator can do. Some aggregators are huge businesses whose comments are widely reported by the financial press and listened to by policy makers. Other smaller aggregators can respond quickly to members’ demands and draw on long-established relationships with lenders.
We need your feedback to celebrate the aggregators who really are representing their members – and call out those who could be doing more
Does your aggregator keep you informed about ASIC’s review? Has your proactively aggregator engaged with regulators to represent your views? These are the questions we’re asking in our Brokers on Aggregators survey, and we need your feedback to celebrate the aggregators who really are representing their members – and call out those who could be doing more, when we publish in September.Our survey also allows you to rate your aggregator, includes questions about commission models and reasons to leave your aggregator (or not). By filling out the survey you could win one of two luxury hampers from the Hamper Emporium.
The survey closes next week so please take 2 minutes of your time and fill it out now: http://survey2.keymedia.com/MPA/BrokersonAggregators2016/
