What does the Royal Commission Report mean for us and for you?
As you may have heard, over the past 12 months there has been a Royal Commission into Misconduct into Banking, Superannuation and Financial Services. On Monday 4 February, the Government released the Final Report which contained recommendations around mortgage brokers (advisers) which you may have heard about. The Government also announced their response to the Final Report. You may have heard about the recommendation that customers could pay a “fee for service” for our services to you as your mortgage broker (adviser). The current service we provide you, our valued clients, has not changed. Our services as a mortgage broker (adviser) to you, continues to be at no charge. We are licensed professionals and under the law, we disclose to you all fees and commissions we earn in conjunction with the work we do on your behalf. Customers are the foundation of our business and to put it simply, without you, we don’t exist. If you would like to know more about the Royal Commission Final Report, please don’t hesitate to call us. Additionally, if you would like to show your support for our industry, please sign the petition championed by the Mortgage and Finance Association of Australia, Don’t Kill Competition, available here: www.brokerbehindyou.com.au Warm Regards,
Wayne, Michael, and the LadyBird team