Newpark promises mortgage advisers something new
Newpark Home Loans general manager Andrew Scott says there will be an inevitable focus on the price of its new model, however it is "all about delivering real choice and flexibility to advisers".
Scott outlined plans for Newpark Home Loans at a function in Auckland this week.
The key points are that Newpark only wants experienced advisers in the group, and there is a heavy focus on businesses which also write good volumes of life insurance. The pricing structure has been done in such away to reward advisers who write life insurance.
There are three plans and four tiers under each plan based on how much annual premium income (API) is written. (See table below)
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