Reservations Over Proposed Adviser Commission Model

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Would you support the principle of a new adviser commission structure based around the client’s sum assured, rather than premium?

  • No (66%)
  • Not sure (18%)
  • Yes (16%)

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More than half the advisers that voted in our latest poll do not support the new commission structure for insurance advisers that was proposed last week (see: New Adviser Commission…).

As we go to press, 58 per cent of voters said they do not support the proposal, while a quarter indicated they would welcome a new commission model. The remaining 17 per cent were unsure.

The main feature of the new model put forward by Bruce Cortesi and Darrin Franks, would see a shift from upfront commission paid as a percentage of the policy holder’s annual premium to a percentage of the total sum insured.

Our poll is still open for another week so be sure to vote and let us know your thoughts…