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“This is easy money that working families could be accessing every single year.” Sally Farrow from states.“That’s $593 in my pocket, not theirs.” agrees Kath
“How much are we talking about generally?” asks Today Tonight reporter David Richardson

“The first year was just over $1,000.” replies Mark, another happy customer.

It’s easy money most people never knew they had. Trailing commissions which cost people year after year but it’s money you can get back

“There are trailing commissions to be collected across every single product. Superannuation, home loans, investments, any sort of product there is money there to collect.” says Sally

Sally Farrow from is a trailing commission hunter.

For a fee will track down every cent you’re eligible to reclaim

“We’re talking about an average family getting around 17-hundred dollars back a year from financial products they already have.” says Sally.

In the last few years has recovered more than $1 Million dollars for clients but there are millions of others are still missing out.

A trailing commission is a fee charged by financial advisors, brokers, companies, even banks year after year for getting you into a particular financial product.

“I think we all believed the banks and the financial institutions weren’t really taking us for a ride. But looks like they are, they were, but now there’s a way to get it back which is really simple.” says Sally

“Our first cheque was just under $600. So we’ve had that for the last two years.” says Kath.

Small businesswoman Kath Long went looking for hidden commissions on five of her products insurances, Compulsory Third Party or CTP, and Superannuation for her and her husband she was astounded how much she could get back

“I’m just really surprised that it has been happening for however long these products have existed. Basically customers have been losing out because they didn’t know it was there.” says Kath

“Quite surprised particularly when I went directly to one of the larger companies without going through an intermediary of any kind, a broker, or agent, then to see trailing commissions on the statement.” says Mark.

Mark Cooper also used to hunt down commissions on his financial products.

“I sent off the form. I didn’t have to do anything after that. That was it. 20 minutes each year and the cheques keep coming in.” says Mark.

And here’s where some of the money can be found:

  • Home Loans
  • Home and Contents Insurance
  • Car Insurance
  • CTP
  • Superannuation
  • Life Insurance
  • Investments
  • And much more!
  1. For someone starting out you could get back around $775
  2. An average Australian family could get a bit more than $1700 back every year
  3. A person on the verge of retirement can reclaim more than $3800
  4. A self funded retiree could be receive more than $4,200 back, every single year


“We have an example of a customer who receives $10,000 back every year.” says Sally

On Home Loans alone finding trailing commissions can net you money every year.

  • On a $200,000 home loan can collect around $400 a year for you.
  • On a $350,000 home loan can collect $700 a year for you.
  • Or on a $500,000 home loan could be collecting $1,000 every year that can make it’s way back into your pocket, instead of someone else’s.

“I think it is a dirty little secret that is starting to be uncovered. People are starting to become aware of these hidden surcharges, these hidden commissions and getting frustrated.” says Ingrid Just, spokesperson for Choice Magazine

Choice has for years been pushing for trailing commissions to be scrapped.

“Some figures show that almost 20% of premiums that we pay across these products are commissions.” says Ingrid

Finally someone has listened and there is a way to get that money back through, every single year.

‘The days of easy money for the big end of town will soon be over. The federal government has moved to end trailing commissions for big banks. Insurance companies, superannuation firms, financial advisors and planners even mortgage brokers. In the future consumers will pay a flat fee for service. But these new changes don’t help everyone. They’ll only come in the middle of next year. And the only people to benefit will be new customers buying new financial products.”

Log onto and go to ‘Start Now’ and all it takes is 2 minutes to fill in the form. Then PRINT, SIGN and SEND BACK. will do the rest.

Call 1300 554 774
Fax: 1300 553 443

Home Loans Team:
PO Box 2801
Bowral NSW 2576

Written by NicoleSmith,
Friday May 20, 2011

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