'Pay more commission' protection plea made


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 more," Ward said. Related reading: Aviva offers advisers extra commission in revamped offering He was speaking at the Protection Review Conference in London earlier this month. Though the financial services regulator - at the time the Financial Services Authority but now the Financial Conduct Authority - banned commission on retail investment sales at the end of 2012, comm...

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