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
  • 23
    Days
  • :
  • 07
    Hours
  • :
  • 54
    Minutes
  • :
  • 01
    Seconds

EARLY BIRD CLOSING SOON
Have you secured yours?

Latest News

Stagnant housing market activity is expected to prolong the stay of borrowers in arrears, with the forecast fall in home values to be among...

The non-bank sector is expected to “lead the way” in 2019, after issuing more than 60 per cent of new home loans in 2018, according to S...

The volume and value of new residential buildings fell in the September quarter 2018, reflecting the “softening” housing market the HIA ...

FROM THE WEB
podcast

LATEST PODCAST: How a softening property market will impact the mortgage sector

Is enough being done to ensure responsible lending?