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Sedgwick Targets Mortgage Broker Remuneration

Mortgage broker remuneration remains a critical area of focus for our industry, with new policy announcements almost daily.

Stephen Sedgwick AO has released a report into the progress of his 2017 Remuneration Review. It includes a further recommendation, calling on the Mortgage Brokers Combined Industry Forum to reconsider their current position.

He calls for a fee for service model "that preserves the viability of the third party channel but links payments to the effort expended in securing the loan for the customer rather than the value of the loan secured".

Your insights are critical as we advocate for members

The FSU is seeking an urgent meeting with the ABA to discuss this recommendation and we are keen to hear from mortgage brokers and aggregators on these issues.

Please complete the FSU’s broker survey and pass it along to your colleagues. Ensure your voice is heard through these important discussions.
 

www.bit.ly/FSU_Broker_Survey

If you have any direct feedback or questions please email fsuinfo@fsunion.org.au

If you’re not yet an FSU member, join now to ensure you are included in our industry representation.

Authorised By: Julia Angrisano, National Secretary
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