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.