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How the royal commission’s final report could impact your back pocket

Annie Kane, Alex Whitlock

In this episode of the Nest Egg podcast, Alex Whitlock, director of Momentum Intelligence, and Annie Kane, editor of mortgages at Momentum Media, join host David Stratford to unpack how the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry’s final report will impact both the financial sector and those working within it, as well as the lives of everyday Australians.

They will deep-dive into what the report set out to investigate, discuss why broker remuneration was put under the spotlight, and how fee changes within the broking industry could have serious ramifications for those looking to obtain finance – and not just those utilising the services of a broker.

Alex will discuss the white paper conducted by Momentum Intelligence surrounding broker satisfaction and reveal how their findings suggest that a shift to a fee-for-service model could ultimately kill competition within the sector and hurt the consumer.

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Thanks Alex and Annie, for sharing your insights with the Nest Egg podcast team!

Have an investment story to share? Get in touch at This email address is being protected from spambots. You need JavaScript enabled to view it. and you might get featured on the next episode.

 

How the royal commission’s final report could impact your back pocket
Annie Kane, Alex Whitlock
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Joe - Agree with Terry Dwyer. The really nasty part is the way it will hit self funded retirees (through their SMSF in many cases) who have direct shares.......
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Dr Terry Dwyer, Dwye... - I am amazed by these comments. The effects will be subtle but pervasive. It will have a huge effect on superannuitants in pension mode as with low.......