Asteron Life has raised its commission rate by 10 percentage points to 190 percent and topped it up by an additional 10 percentage points – meaning advisers are being offered an upfront commission rate of 200 percent.
The company says the offer, introduced on 5 October, will be reviewed at the end of June 2021.
“We have a range of upfront and hybrid commissions available so advisers can continue to choose the one that best suits them and their clients,” says the firm’s, executive manager Life Distribution, Graham Hill.
“We approach changes to commissions carefully to ensure they do not inadvertently lead to poor or unfair customer outcomes.
“We believe these changes will help to support our business and industry to remain sustainable for the long term,” he added.