What are trailing commissions?
Trailing commissions are ongoing payments made to mortgage brokers, insurance agents and financial planners for setting up your mortgage, insurance or superannuation and investments.
This trailing commission is paid from your mortgage repayments, insurance premiums and ongoing management fees within your superannuation and investment funds.
Ultimately, this is a cost to you.
I refund 100% trailing commission for free – click here to find out how to get your refund.