Paymentshield has announced a 10% increase in upfront commission available to brokers.
The general insurer has revealed a new commission option - ‘Enhanced Indemnity'- developed to provide intermediaries with more immediately available cash to help them through current testing times. It will run in tandem with the insurer's existing commission options but can offer 45% upfront in year one and 15% from year two onwards. Directly Authorised firms will be able to switch to Enhanced Indemnity via the Paymentshield website www.paymentshield.co.uk/enhanced while Appointed Representatives should contact their network in the first instance to discuss their commission options. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
