AMP Bank will be updating their broker clawback and trail commission on AMP Bank residential home loans settled as of 1 January 2025.
The below changes apply:
· For clawback commissions from 1-18 months, AMP Bank is introducing a stepped clawback commission approach for residential home loans where the loan is fully repaid or discharged within 18 months.
· AMP Bank trail commission will change from 0.17% to 0.15% (+GST).
· Upfront commission for the Select package will change from 0.30% to 0.60%.
If you have any questions, refer to your BDM.