AIA NZ has increased its basic initial commission on AIA Living applications placed via its eApp between 1 November and 31 January 2022 as part of its Small Business Support package.
Financial advisers using the firm’s app already receive 10% extra, but for a limited time AIA is offering an additional 10% to help boost adviser cashflow and increase use of its app.
“It means advisers can receive 20% Basic Initial Commission if using eApp to place eligible business during the campaign period,” says Sam Tremethick, Chief Partnership Insurance Officer.
“We know cashflow issues are a challenge for a number of advisers, particularly those in the Auckland and Waikato regions. We want to continue to offer AIA’s support, and to ensure advisers remain ‘fit for business’.”
Tremethick says that according to online accounting firm Xero’s Business Insights report, the New Zealand Small Business Index fell 19 points after the country was put into Alert Level 4 in August 2021.
“Our aim for the small business support package is to give advisers some much-needed additional cashflow.”