A growing number of insurers are mulling introducing a mixed commission option for advisers selling their protection products.
PruProtect and Bupa have told Professional Adviser they are “actively considering” the move, while Friends Provident has begun a marketing campaign notifying advisers it has dual commission capability. Elsewhere, Axa says it is consulting its distribution partners, while Cirencester Friendly was among the first to offer mixed commission. Some advisers have vigorously called for the move, saying they should at least have the choice of receiving an up-front payment to reflect their "initial" work, with the remainder spread over time. Currently, most providers offer only full, non-ind...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes