We, Finance First, The Advice Centre, act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.
Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.
For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the quantity or value of the products sold.
We are remunerated by commission and other payments from product producers. When assessing products, we will consider the different approach taken by product providers in terms of them integrating sustainability risks into their product offering. This will form part of our analysis for choosing a product provider.
Our Brokerage commission options are displayed as a range, showing the maximum amount which can be received. The level of commission depends on individual circumstances, based on the following factors:
The factors that may impact a variation in charges include;
There are different types of commission models:
Single commission model: | where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed. |
Trail/Renewal commission model: | Further payments at intervals are paid throughout the life span of the product. |
Indemnity commission | Indemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned. |
Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.
General insurance products, such as motor, home, travel, health, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.
In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.
For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail relating to accumulated fund.
Trail commission, bullet commission, fund based or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.
Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.
Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.
Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).
Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.
The firm may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees. Include arrangements etc
The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.
The firm may also be in receipt of non-monetary benefits such as:
Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Switcher | 0.2% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Second/subsequent Buyer | 0.2% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - First-Time Buyer | 0.2% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Equity Release | 0.2% | 36 |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
PA/Travel | 20% |
Travel | 25% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
---|---|
PI | 17.5% |
PI Rapidcover | 25% |
Professional Indemnity | 15% |
Professional Indemnity | 10% |
Professional Indemnity | 18% |
Professional Indemnity | 15% |
Professional Indemnity | 5% |
Trailer | 25% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Personal Accident | 20% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Cyber Liability | 20% |
D&O, Crime, PTL, EPL, Entity | 17.5% |
D&O, Crime, PTL, EPL, Entity Rapidcover (Bus Guard) | 20% |
Directors and Officers | 20% |
EL | 6% |
Employers Liability | 6% |
Environmental Liability | 18% |
Excess Liability | 10% |
PL | 10% |
PL Rapidcover | 20% |
Products Liability | 10% |
Property Owners Liability | 9.5% |
Public Liability | 10% |
Sports Liability | 12% |
Transit Liability | 12% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Claim | 15% |
Fire Schedule | 12% |
Fire/Perils | 12% |
Household | 25% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Agricultural Vehicle | 5% |
Annual | 25% |
Apartments | 20% |
Com Comb Rapidcover | 20% |
Commercial Combined | 25% |
Commercial Package | 20% |
Commercial Vehicle | 10% |
Commercial Vehicle | 6% |
Computer | 15% |
Contractors Works | 15% |
Crime | 17.5% |
Crisis Management | 25% |
Cyber | 20% |
Cyber Rapidcover | 25% |
Directors and Officers | 15% |
Driving Instruction | 8% |
Driving Instruction | 10% |
Driving Testers | 10% |
Engineering Insurance Inspection | 15% |
Excess | 10% |
Excess Rapidcover | 25% |
Fleet Insurance | 5% |
Glass | 15% |
Goods in Transit | 18% |
Horses | 15% |
Instructor Vehicle | 10% |
Livestock | 15% |
Loss of Profits | 12% |
Marine | 20% |
Money | 15% |
Motor Contingency | 15% |
Motor Traders | 5% |
Multi Risk | 5% |
Office | 20% |
Office Combined | 20% |
Office Rapidcover | 20% |
Prop Own Rapidcover | 20% |
Property | 15% |
Property Damage | 10% |
Property Owners | 20% |
Shop | 15% |
Shop Combined | 20% |
Shopkeepers | 15% |
Shops Rapidcover | 20% |
Terrorism | 15% |
Theft | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
---|---|
Professional Indemnity | 15% |
Professional Indemnity | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Personal Accident | 20% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Combined Liability | 10% |
Combined Liability | 9% |
Employers Liability | 6% |
Products Liability | 10% |
Public Liability | 10% |
Sports Liability | 12% |
Transit Liability | 18% |
Transit Liability | 12% |
Warehouse Liability | 10% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Holiday Homes | 20% |
Household | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Admin Bond | 20% |
Agricultural Vehicle | 5% |
All Risks | 15% |
All Risks | 10% |
Bakery Motor Scheme | 5% |
Bond | 10% |
Claims Management | 10% |
Commercial Combined | 15% |
Commercial Vehicle | 10% |
Computer | 15% |
Contractors Works | 15% |
ENG INS - JC | 15% |
ENG INS - JF | 15% |
ENG INS - JM | 15% |
ENG INS - JP | 15% |
Engineering | 20% |
Engineering Business Interuption | 15% |
Engineering Insurance Inspection | 15% |
Farmers Combined | 15% |
Fidelity Guarantee | 15% |
Fire Schedule | 12% |
Fire/Perils | 15% |
Fleet Insurance | 5% |
Glass | 15% |
Goods in Transit | 18% |
Horses | 15% |
I.D.A. Motor Scheme | 5% |
Internal Risks | 10% |
Livestock | 15% |
Loss of Licence | 10% |
Loss of Profits | 12% |
MARINE | 15% |
Marine | 18% |
Marine: Small Craft | 15% |
Milk Agents Motor | 5% |
Money | 15% |
Motor Traders | 5% |
Multi Risk | 5% |
Office Combined | 15% |
PACKAGES - AO | 16% |
PACKAGES - AS | 16% |
PACKAGES - US | 15% |
Property Damage | 10% |
Property Owners | 10% |
Property Owners Liability | 20% |
Property Owners Product - Fast Trade | 21% |
R.I.A.I. Motor Scheme | 5% |
R.I.A.I. Motor Scheme | 5% |
Salon Insurance | 20% |
Self Build | 15% |
Shop | 15% |
Shopkeepers | 15% |
Special Types | 5% |
Surgery Insurance | 15% |
Theft | 15% |
Traders Combined | 15% |
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Term Protection | 150% | 22% | 24 |
Product | Initial % | Recurring % |
---|---|---|
Single Premium PRSA | 4% | 0.5% |
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Specified | 150% | 22% | 24 |
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Pension Term | 150% | 22% | 24 |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Regular Premium PRSA | 22.5% | 0.5% | 48 |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
PRB | 5.25% | 1% |
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Mortgage Protection | 150% | 22% | 24 |
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Income Protection | 200% | 30% | 48 |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investments | 5.25% | 1% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group Life | 6% | 6% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group IP | 12.5% | 12.5% |
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Regular Premium pension | 20% | 1% | 48 |
Single premium pension | 5.25% | 1% | - |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
ARF | 5.25% | 1% |
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Annuity | 3% |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Investments | 2.5% |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial € | Recurring Commission % |
---|---|---|
ARF | No | 0.75% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Travel | 15% |
Travel - Unions | 10% |
Travel - White Label | 20% |
Travel - Wholesale | 30% |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Switcher | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Second/subsequent Buyer | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % |
---|---|
Mortgage - First-Time Buyer | 1% |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Equity Release | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage | 0.35% | 36 |
Product | Initial % | Recurring % |
---|---|---|
Single Premium PRSA | 7.5% | 0.25% |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Regular Premium PRSA | 17.5% | 0.25% | 48 |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Combined Liability | 10% |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investments | 5% | 0.75% |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
ARF | 5% | 0.75% |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investments | 2.5% | 0.5% |
Product | Commission % | Clawback Period (Months) |
---|---|---|
Personal Accident Plan | 22.5% | 12 |
Sports Accident Plan | 22.5% | 12 |
Product | Initial % | Clawback Period (Months) |
---|---|---|
Medical Cash Plan | 40% | 12 |
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Accident, Sickness & Hospitalisation Plan | 20% | 20% | 12 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Switcher | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Second/subsequent Buyer | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - First-Time Buyer | 1% | 36 |
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
---|---|---|
Mortgage - Equity Release | 1% | 36 |
The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Whole of Life | 100% | 28% | 60 |
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Term Protection | 160% | 28% | 60 |
Product | Initial % | Recurring % |
---|---|---|
Single PRemium PRSA | 5% | 0.75% |
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Specified | 100% | 28% | 60 |
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Pension Term | 160% | 20% | 60 |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium PRSA | 17.5% | 0.5% | 5% | 48 |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
PRB | 5% | 0.75% |
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Mortgage Protection | 160% | 28% | 60 |
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Income Protection | 120% | 30% | 60 |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investments | 5% | 0.5% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group Life | 6% | 6% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group IP | 12.5% | 12.5% |
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium pension | 17.5% | 0.5% | 5% | 48 |
Single premium pension | 5% | 0.75% | - | - |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
ARF | 5% | 0.75% |
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Annuity | 3% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Travel | 25% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
ROI Owner Occupied | 20% |
ROI Residential Let | 25% |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Recurring Commission % |
---|---|
PRSA | 0.25% |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Recurring Commission % |
---|---|
PRB | 0.25% |
PRB | 0.25% |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investments | 0.25% | 0.25% |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Recurring Commission % |
---|---|
ARF | 0.25% |
ARF | 0.25% |
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Term Protection | 225% | 50% | 60 |
Product | Initial % | Recurring % | Clawback Period |
---|---|---|---|
Single Premium PRSA | 10% | 0.5% | 60 |
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Specified | 225% | 50% | 60 |
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Pension Term | 225% | 50% | 60 |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium PRSA | 25% | 0.5% | 6% | 60 |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
PRB | 5% | 1% | 60 |
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Mortgage Protection | 225% | 50% | 60 |
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Income Protection | 225% | 50% | 60 |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Investments | 5% | 1% | 36 |
Regular Contribution Investment Policy | 15% | 0.5% | 60 |
Regular Contribution PRSA | 25% | 0.5% | 60 |
Regular Contribution Pensions | 25% | 1% | 60 |
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Group Life | 20% | 20% | 12 |
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Group IP | 20% | 20% | 12 |
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium pension | 25% | 1% | 8% | 60 |
Single premium pension | 5% | 1% | - | 60 |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
ARF | 5% | 1% |
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Annuity | 3% |
The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Whole of Life | 200% | 36% | 60 |
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Term Protection | 200% | 36% | 60 |
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Specified | 225% | 36% | 60 |
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Pension Term | 225% | 36% | 60 |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Renewal |
---|---|---|
PRSA | 22.5% | 5% |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Personal Retirement Bond | 5% |
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Mortgage Protection | 200% | 36% | 60 |
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Income Protection | 225% | 60% | 60 |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
ARF | 5% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Annual Travel Policy | 15% |
Group Personal Accident Travel | 15% |
Personal Accident Travel Pol. | 15% |
Travel | 25% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
---|---|
Professional Indemnity | 25% |
Professional Indemnity | 15% |
ZPI - Professional Indemnity | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Group Personal Accident Policy | 15% |
Personal Accident | 20% |
Personal Accident Policy | 15% |
Personal Accident Road & Rail | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Combined Liability | 10% |
Employers Liability | 6% |
Public Liability | 10% |
Transit Liability | 18% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Broker Household | 15% |
Broker Household DA | 20% |
Combined Caravan/Mobile Home | 15% |
Holiday Home | 15% |
Home Insurance | 22% |
Household | 15% |
Household | 15% |
Household DA | 15% |
Private Dwelling House Policy | 15% |
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
---|---|
Accidental Damage | 12.5% |
All Risks | 15% |
Apartment Block Insurance | 10% |
Apartment Block Policy | 15% |
Building in the Course of Erection | 15% |
Combined Property Policy | 12.5% |
Combined Property Policy | 15% |
Commercial Combined | 15% |
Commercial Combined (U.K.) Pol | 15% |
Commercial Liability Policy | 10% |
Commercial Motor Vehicle | 6.5% |
Commercial Property | 12% |
Commercial Vehicle | 7.5% |
Commercial Vehicle | 5% |
Commerical Package | 20% |
Computer | 15% |
Computer All Risks" Policy" | 15% |
Contractors All Risks" Policy" | 15% |
Contractors Works | 15% |
Contractors Works | 12.5% |
Cyber Policy | 20% |
Directors & Officers | 20% |
ENP- Engineering | 15% |
Elite Private Car | 7.5% |
Engineering Insurance Inspection | 15% |
Engineering Policy | 20% |
Farm Fire Policy | 12.5% |
Farm Policy | 12.5% |
Fidelity Guarantee | 12.5% |
Fidelity Policy | 15% |
Fire Schedule | 12.5% |
Fire/Perils | 15% |
Fire/Perils | 12.5% |
Fleet Insurance | 5% |
Fleet Motor Vehicle | 5% |
Goods in Transit | 18% |
Guest House All In" Policy" | 15% |
HGV Fleet | 10% |
Hackney | 5% |
I.D.A. Motor Scheme | 5% |
I.H.C.A. Motor Scheme | 5% |
Internal Risks | 10% |
Legal Expenses | 25% |
Legal Expenses | 15% |
MRP - Marine | 15% |
Marine | 20% |
Marine Policy | 17.5% |
Marine: Small Craft | 15% |
Mini Fleet Vehicle | 5% |
Miscellaneous Bonds Policy | 15% |
Motor Traders | 5% |
Motor Traders Combined | 5% |
Motor Traders Internal Policy | 10% |
Multi Risk | 5% |
Nursing Home Combined | 15% |
Office Combined | 15% |
Office Policy | 15% |
Private All Risks" Policy" | 15% |
Property Owners | 15% |
R.I.A.I. Motor Scheme | 5% |
Residential Care Home Policy | 15% |
Shop | 15% |
Shopkeepers | 15% |
Shops Policy | 15% |
Small Craft/ Yacht Policy | 15% |
Special Types | 5% |
Special Types | 5% |
Tradestar Office | 15% |
Tradestar Property Owners | 15% |
Tradestar Shop | 15% |
Tradestar-Property Owners | 15% |
Trailer | 15% |
Truck Way- Single Truck | 10% |
The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Whole of Life | 90% | 18% | 12 |
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Term Protection | 180% | 40% | 12 |
Product | Initial % | Recurring % |
---|---|---|
Single Premium PRSA | 5% | 0.75% |
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Specified | 100% | 12% | 12 |
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Pension Term | 100% | 12% | 12 |
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium PRSA | 30% | 0.75% | 5% | 48 |
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
PRB | 5% | 0.5% |
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Mortgage Protection | 180% | 40% | 12 |
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
Investment | 5% | 0.5% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group Life | 6% | 6% |
Product | Initial % | Recurring Commission % |
---|---|---|
Group IP | 12.5% | 12.5% |
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
---|---|---|---|---|
Regular Premium pension | 20% | 0.5% | 3% | 48 |
Single premium pension | 5.5% | 0.5% | - | - |
A Cancer Cover Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
---|---|---|---|
Cancer Cover | 100% | 12% | 12 |
An ARF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
---|---|---|
ARF | 5% | 0.5% |
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
---|---|
Annuity | 3% |