PosSol close to clearing case check backlog

The Aegon-owned national IFA says stand-alone mortgage, protection and general insurance business is now being checked within a maximum of three working days. All other business, including pension transfers, is checked within 10 days. The backlog was created following the introduction of a new training and competence framework at the beginning of the year, which included fresh business checking requirements for both new and existing partners. At one stage the backlog stood at one month, delaying the payment of commission in some cases. The framework outlines new rules for partne...