Fee For Service Pricing – What Can Mortgage Brokers Learn From Advisers

The Royal Commission has recommended that mortgage brokers should be required to adopt the same obligations as financial advisers. In a headline grabbing change the borrower, not the lender, would pay the mortgage broker a fee for acting in connection with home lending. The impact of these changes would be manifold and far reaching. Here, we look at the potential move to fee for service for brokers and what they might gain from looking at the experience of financial advisers and other service providers, to see what the future might hold.