Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
Former MFAA head calls for unity

Former MFAA head calls for unity

A former president of the MFAA has called for greater cooperation between industry groups amid the growing trend of financial services convergence.

Former MFAA president and Bernie Lewis executive chairman Mark Lewis told Mortgage Business that the industry groups representing financial planning, mortgage broking and accounting must form deeper relationships to aid the convergence of the professions.

“I think there needs to be some deeper relationships with FPA, AFA and all of the professional groups,” Mr Lewis said.

Advertisement
Advertisement

“There probably needs to be some deeper relationships built with the accounting associations.

“There needs to be some mutual respect between those associations and some communication from each of them out to their own membership that there is convergence starting to happen and that the associations are going to start working together to aid that convergence and facilitate that convergence,” he said.

Mr Lewis added that mortgage broking has the biggest challenge, when compared with planning and accounting, in striving to be viewed as a professional industry.

Former MFAA head calls for unity
mortgagebusiness

 

Latest News

The major bank has lowered its interest rate floor for mortgage serviceability assessments, becoming the third major bank to amend its polic...

A big four bank has announced the appointment of a new chief executive officer. ...

Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and expects to launch its mortgage ...

FROM THE WEB
podcast

LATEST PODCAST: A shift in serviceability requirements

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.