Media

Please see below for a selection of items which relate to Vow Financial in the media. To see Vow Financials media releases - please click here.

NAB's front-runner warning to other majors - Mortgage Mix (2 Dec, 2011)

Vow Financial CEO Tim Brown has said it will be hard for other lenders to ignore NAB's initiative in increasing its broker commission model.

Speaking to the MortgageMix, he said the move was an innovative step taken by NAB to maintain its position at the head of the pack.

"NAB has been very aggressive in pursuing market share," he added.

"To continue being the leader you need to lead from the front, and I would suggest this is another innovation that will maintain their lead," Brown said.

About whether it could spark a round of commission increases, he said he would like to see other lenders following suit.

But not all commentators believed the move was born out of innovation.

One industry source, who preferred to remain anonymous, felt the entire performance was carefully stage managed - a ruse designed by NAB to manipulate the market for its own gain.

The source felt the real reason for the move is to drive margin back into its supporting channel businesses.

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