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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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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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