Direct to bank borrowers are not subsidising trail for broker...

Direct to bank borrowers are not subsidising trail for broker customers. The trail covers part of our cost of operations just like the interest rate the lender charges covers their costs of operation. If more people go direct to the bank, the bank will require far more staff than it currently has, this will increase costs of operation. All thats happening is big banks have more access, customers and power, brokers have less power and by way of association the smaller non branch lenders also have less power.