LMI needs fair play and full disclosure, says industry figure

FBAA national president, Peter White, has voiced major concerns surrounding the LMI industry in Australia, saying he’s concerned the area lacks fairness and transparency.

“LMI is a very important part of our sector, especially with off-balance sheet lending, but historically there was little or no discourse about the product and who, if anyone benefited from it – i.e., no disclosure at all.”

Read the full article on the Broker News web site.