They will certainly supply it and actively do. Last time I was reviewing this it was in every pack provided.
Instead of asking questions on the forum, ask their BDM’s where you will actually get answers.
All top tier volume aggregators will receive the same base commissions, though some may receive volume bonuses, whereas others might not hit the required numbers.
I thought aggregators would hand that out just as us brokers are required to handout our credit guides to the retail clients. I’ve met or discussed with all the above aggregators and none has given me that commission sheet. is there a double edge sword here?
No double edge sword. This is commercially sensitive information and aggregators would be prohibited in making it available to the public. There is no legislative requirement to notify the public either. It would be made available in the contract you would potentially enter with an aggregator though.
<div class=”d4p-bbt-quote-title”>CharlieX wrote:</div>
I thought aggregators would hand that out just as us brokers are required to handout our credit guides to the retail clients. I’ve met or discussed with all the above aggregators and none has given me that commission sheet. is there a double edge sword here?
No double edge sword. This is commercially sensitive information and aggregators would be prohibited in making it available to the public. There is no legislative requirement to notify the public either. It would be made available in the contract you would potentially enter with an aggregator though.
<div class=”d4p-bbt-quote-title”>CharlieX wrote:</div>
I thought aggregators would hand that out just as us brokers are required to handout our credit guides to the retail clients. I’ve met or discussed with all the above aggregators and none has given me that commission sheet. is there a double edge sword here?
No double edge sword. This is commercially sensitive information and aggregators would be prohibited in making it available to the public. There is no legislative requirement to notify the public either. It would be made available in the contract you would potentially enter with an aggregator though.
contradicting the regulations then?
are these information not to be transparent to the customers/public as per the regulations, same as a broker has to show the client exactly what he is being paid by the lender?
if the legal interpretation is no legislative requirement, then will be exactly as the name change from “exit fee” to “crawback” just to get around the regulation?