National Australia Bank has paid out A$6.5 million to 251 customers after resolving claims for compensation over wealth advice. The bank issued an update on its Customer Response Initiative, which was launched in February last year. The initiative was designed to improve complaints handling and transparency Mortgage brokers earned A$1.1 billion in commissions in the year to June, according to Digital Finance Analytics. DFA tracks new loan approvals and the distribution mix, using that data to estimate broker commissions. DFA said broker share had reached 50 per cent of mortgage sales. DFA said the value of commission increased, compared with the previous year, but did not say by how much. Suncorp subsidiary AAI Ltd has raised A$330 million through an issue of floating-rate subordinated notes, paying a margin of 320 basis points over the three-month bank bill swap rate. AAI operates Suncorp's Australian general insurance business and the notes will qualify as tier two capital under the APRA capital framework for general insurers. The notes have an optional redemption date of October 6, 2022, and a maturity date of October 6, 2042.