PNG offers multi-sector referral fees

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Premier Network Group (PNG) is launching an introducer service to allow intermediaries to receive proc fees from other financial product sectors.

The service will allow brokers to receive a percentage of proc fees for life assurance, general insurance, pensions, mortgages, investments and equity release referrals. PNG says the service is aimed at advisers who are unable or unwilling to do business in various areas, but who might still wish to introduce their clients to other sectors. “Our range of services to introducers allows advisers to earn commission on business they are unable to place – this may be because they are unqualified in that particular sector or simply want the ease of referral,” explains Karen Butt, head of group ...

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