Major banks, which rely on brokers to recommend half their mortgages, provide top-tier rewards for members of coveted ...

Banks plan mortgage broker shake-out

Major banks are preparing to overhaul relationships with mortgage brokers in anticipation that volume-based incentives will be axed in response to ASIC's proposed mortgage industry reforms, according to industry sources.

Beware the 'bad apple' advisers

The corporate watchdog says that so-called 'bad apple' advisers continue to work for some of Australia's largest financial institutions.