Error
  • JUser: :_load: Unable to load user with ID: 82
Menu
Cuzz Media

Cuzz Media

Cuzz Media is part of t...

NAB VICTIM

NAB VICTIM

In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

We need your support. ...

Prev Next

Non-major announces commission changes

Non-major announces commission changes
A non-major bank has today announced changes to its commission structure it says will reward brokers for customer retention.

Suncorp has announced it will change its commission structure for loans settling from 27 February to reward brokers for keeping customers with the bank. The lender said it would increase its trail commission from year four onwards from 20bps to 25bps.

Suncorp head of intermediaries Steven Degetto told Australian Broker the lender was focusing on customer retention through its broker partners.

"One thing we're focusing on into the future is how we can work with brokers to keep the customers they bring to us and grow those customers' products with us. Customer retention and extension of loan live is crucial in our relationship with brokers," he said.

Degetto said the bank had a competitive home loan package, and high customer satisfaction.

"Happy customers staying with us longer is good for us, it's good for the customer and we want to share some of that value brokers are creating by keeping customers aligned with us," he said.

Author: Adam Smith
Source: www.brokernews.com.au

 

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

back to top

News

Major Topics

Helpful Resources

Socialize

About Us