Friends Prov adds commission flexibility to wealth bond

The changes mean advisers can increase their client’s investment by giving up some, or all of the initial commission and reduce their client’s establishment charge by giving up some, or all of the initial commission. They can also increase the amount of fund based renewal commission, which would increase the client’s annual management charge. James Ward, director of marketing at Friends Provident, says: “The addition of commission flexibility means that advisers have a wider range of options to choose from in order to maximise their own commission or reduce their client’s costs over...