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Latest News

Latest News

Royal Commission – Financial Planning

The Banking Royal Commission raised concerns including qualifications, conflicts of interest with advice & vertical integration (referring to where the product owner has common ownership with the advisor who recommends the product).

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Competition heats up. Competition Index – June 2018

The AFG Competition Index released today shows further evidence of a structural shift in the Australian lending market as non-major lenders again seize market share from the majors. Non-major lenders have seen their overall market share of new loans hit a record 40.97% in May 2018.

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Business Platform – Australian Broking First

Our new AFG business platform is a data capturing software program. It allows us to filter all available loan products in the Commercial space matched against the customer's specific requirements. This includes mainstream members of the platform lenders such as ANZ, NAB, St George, Westpac. It also includes specialized lenders such as Spotcap, Prospa, Judo Capital & smaller players in the market place such as Bank of China & the largest Commercial property lender in Thinktank. This means that every client can be assessed comparing Big 4 lenders against newer smaller Fintech lenders. It also means that clients are assessed against all lenders despite having a credit weakness e.g. lack of security or ATO debts.

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Broking – Some short facts

The MFAA is our governing body & they have conducted analysis during 2018, examining complaints, arrears, penalties and the broker channel's impact on competition.

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