Personal Touch Financial Services has said it plans to subsidise member firms' regulatory fees for 2014.
In September Personal Touch announced a freeze of its own network member fees and more recently the introduction of twice-weekly commission payments.
Personal Touch marketing director David Carrington said the business has seen "significant" increases in its regulatory costs, which together with its professional indemnity (PI) insurance premiums brings its total regulatory charges to over £1.6m.
"Obviously we treat these costs as disbursements to members and need to pass them on," he said.
"But given our commitment to support members and equally reward them for their particularly hard work and loyalty in the past year, the board have taken the decision to subsidise some of the fee increase for 2014 using additional revenue generated by stronger mortgage volumes and other cost and efficiency savings we are achieving across the business".
Personal Touch will be subsidising its 2014 members' regulatory costs by approximately 12% (£200k) of the total regulatory bill as well as absorbing the increase for the second half of 2013.
The overall effect of the increased support is to keep the total increase in cost of membership (assuming identical business levels and mix) to under 5% for the vast majority of firms.
Personal Touch added that despite difficult market conditions for many, the network had been successful in renewing its PI insurance on the same terms and through the same brokers as the previous year.
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