Sam Stubbs: Simplicity CEO asks whether mortgage advisors need more regulation

There's growing debate mortgage advisors need more regulation - alongside a Commerce Commission bid to make it easier to take out a home loan. Discussions at a banking conference centred on concerns brokers don't encourage mortgage rate competition. Simplicity CEO, Sam Stubbs, says they provide a valuable service, but commissions are a worry. "What CommComm are concerned about is - are they actually acting in the best interests of the clients, or are they acting in the best interests of themselves to try and maximise their commission?" LISTEN ABOVESee omnystudio.com/listener for privacy information.