Protection providers should pay intermediaries more commission to help the industry experiment and grow, according to the founder of a comparison service.
Payingtoomuch managing director Michael Ward said commission on policy sales was "not high enough." "You can't grow the protection market unless you pay more commission to allow us to market and experiment...
'We need to pick up the pace'
Sales down 26% in last five years
For Engage planning solution
Sustainable funds remain in vogue
Societal inequalities will outlive virus
Number of advised clients up 33%
90% given ongoing advice
Everything advisers need to know