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Broker Magazine September Issue - Industry Update
CLAWBACKS: CONVERSATIONS CONTINUE
Our advocacy for brokers continues, with the topic of clawbacks remaining top of mind. Back in July the FBAA met with the Hon. Stephen Jones, Minister for Financial Services, to continue our conversation around clawbacks and payments for net of offset commissions, banks and bad practices for retaining customers using front book and back book pricing. The Minister requested a further paper be put to him on behalf of our lead aggregator group. This has been actioned, and we now await the Minister’s feedback.
FAMNZ Update
The launch of Finance and Mortgage Advisers Association of New Zealand (FAMNZ) continues going from strength to strength. We recently held our first professional development day, and hosted a full-house. Attendance was strong, the enthusiasm for the association was evident, and we are looking forward to continuing the momentum we are building. Feedback from both New Zealand advisers and Australian brokers has been extremely positive.
IMBF Update
The International Mortgage Brokers Federation will celebrate its second World Summit next year in May. This time we will converge in Dublin, Ireland.
We have already noted an enormous amount of interest in attendance to the summit, and expect quite a large Australian contingent. The summit will be held May 20-22, 2025, following the Ireland national conference which summitgoers are also invited to attend.
Registrations will open soon. Watch this space.
Wellness Hub
Wellness Hub by the FBAA launched September 12, in line with R U OK? Day. I am very proud of this resource we have created, for brokers to access as well as the wider community. Read more about Wellness Hub on page 14.
2024 NIC
The 2024 FBAA National Industry Conference will return November 1. As always, the event will offer top-tier speakers and content, to help you as a broker and as a business. Read more about the conference, Awards of Supremacy and our highly-anticipated gala dinner on pages 18-23.
Peter White AM Managing Director
