{"id":2087,"date":"2018-11-27T08:26:52","date_gmt":"2018-11-26T22:26:52","guid":{"rendered":"https:\/\/newsroom.ing.com.au\/?p=2087"},"modified":"2018-11-27T08:27:23","modified_gmt":"2018-11-26T22:27:23","slug":"ing-to-make-change-to-broker-commission-calculation","status":"publish","type":"post","link":"https:\/\/newsroom.ing.com.au\/ing-to-make-change-to-broker-commission-calculation\/","title":{"rendered":"ING to make change to broker commission calculation"},"content":{"rendered":"<p><strong><span style=\"color: #ff9900;\">Media Release <\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong>ING to make change to broker commission calculation <\/strong><\/p>\n<p><span style=\"color: #ff9900;\"><strong>Tuesday 27 November, 2018:<\/strong> <\/span>ING will change the way it calculates upfront broker commissions for residential loans from 1 January 2019 to align to the Combined Industry Forum\u2019s (CIF) package of reforms.<\/p>\n<p>Under the changes, upfront commissions will be determined on total net loan balances calculated, five calendar days following settlement.<\/p>\n<p>Glenn Gibson, ING\u2019s Head of Third Party Distribution &amp; Direct Mortgages says:<\/p>\n<p>\u201cWe have two main objectives to achieve here: the first is to clearly deliver on the industry\u2019s reform package and the second is to keep the commission structure simple. To that end we\u2019ve taken a straightforward approach to ensure the change is easy to understand and operationalise for all parties.\u201d<\/p>\n<p style=\"text-align: center;\"><strong>ENDS <\/strong><\/p>\n<p><strong>Notes to editor For more information please contact: <\/strong><\/p>\n<p>Megan Landauro, 0413 317 225, megan.landauro@ing.com.au<\/p>\n<p>David Breen, 0412 933 060, david.breen@ing.com.au<\/p>\n<p><span style=\"color: #ff9900;\"><strong>About ING <\/strong><\/span><\/p>\n<p>ING changed the way Australians bank 19 years ago by launching the country\u2019s first high interest, fee free online savings account. Since then, we\u2019ve brought continued value to home loans, transactional banking, superannuation, insurance, credit cards and personal loans.<\/p>\n<p>ING has the highest Net Promoter Score of any Australian bank.<\/p>\n<p><strong>Australia\u2019s most recommended bank.<\/strong><\/p>\n<p>Source: Nielsen Consumer &amp; Media View Jan\u201918 \u2013 Jun\u201918 (n = 11,837) when compared by customers of 15 other banks operating in Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media Release ING to make change to broker commission calculation Tuesday 27 November, 2018: ING will change the way it calculates upfront broker commissions for residential loans from 1 January 2019 to align to the Combined Industry Forum\u2019s (CIF) package of reforms. Under the changes, upfront commissions will be determined on total net loan balances [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,9],"tags":[],"class_list":["post-2087","post","type-post","status-publish","format-standard","hentry","category-general","category-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/2087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/comments?post=2087"}],"version-history":[{"count":2,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/2087\/revisions"}],"predecessor-version":[{"id":2089,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/2087\/revisions\/2089"}],"wp:attachment":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/media?parent=2087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/categories?post=2087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/tags?post=2087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}