Legal & General returns to commission on authorisation model

'We continually and actively consulted with our partners and firms'

John Brazier
clock • 1 min read

Legal & General (L&G) is reverting to the commission on authorisation model for protection policy sales, following a move to a different structure two years ago.

Taking effect as of 30 May, L&G will pay commission to intermediaries at the start date of a policy, rather than upon the successful collection of a first direct debit payment. The insurer stated that advisers will still have the option to stick with the current commission model rather than the authorisation structure. It stated that the decision has made in line with feedback from protection advisers and to "improve the cashflow positions of adviser firms in the face of difficult economic conditions over the past 18 months." L&G Retail director of intermediary Julie Godley comment...

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