Westpac CEO fronts on trail commission decision
Tuesday, November 4th 2025, 9:48AM
Westpac CEO Catherine McGrath speaks to TMMOnline about its decision to remove trail commissions to mortgage advisers and doesn't expect the decision will reduce adviser-originated business. [Here's what she said]
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TMM's annual mortgage adviser survey is closing soon. You can have your say here.
Judging from initial results advisers are very unhappy with Westpac and indicate the bank will get less adviser business - the opposite to what the CEO is saying.
| « Westpac's mortgage book grows with the support of advisers | Advisers fall out of love with BNZ » |
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