Friends pushes split commission option on protection

The structure, a mix of full and non-indemnity commission, was set up in response to adviser demand as well as "the potential changes to remuneration that RDR brings". It has been welcomed by long-standing proponents of mixed commission options such as CBK Colchester co-founder Peter Chadborn. "This is something we have wanted as an option for quite some time," he says. He says protection advisers should have the choice of receiving an up-front payment to reflect their "initial" work, with the remainder spread over time. The "all or nothing" current options - full indemnity or n...