Access To Data Essential To Sustainability Of Broker Industry

The Federal Government’s recent decision to modify Royal Commissioner Hayne’s recommendation to move to a ‘user pay’ model and revoke trail commissions has provided welcome relief for the broker industry.

The removal of trail commission has long been considered a worst-case scenario for brokers, with potentially wider repercussions in terms of increased churn for lenders and higher interest rates down the line for borrowers. And, while the legitimacy of brokers receiving trail…