A tailored Commission Buy Out plan to benefit your business
With current market pressures, we understand that meeting sales targets has never been so important. That's why we're now offering an easier way to secure immediate revenue for your business. Our Commission Buy Out offer allows you to turn your potential commission earnings into an upfront cash lump sum that you can use to boost your business now, whilst still retaining client ownership.
Transferring your clients' attrition risk to us also means you can concentrate on generating new business - increasingly important in the current economic and regulatory environment. And, once commission earnings from new business sales have been built back up to the threshold level, you can simply repeat the whole process again. Subject to availability.
Each offer is specifically tailored to your company and is dependent on a number of factors, including the mix of policy types, your existing commission structure, the historical attrition profile of your clients and the age of their policies.
A boost for your business with no lengthy bank process
The main advantage of Commission Buy Out is that, unlike approaching your bank or finance house to raise capital, application is very straightforward. There is no arrangement fee and no requirement to offer security or pay anything back. The funds will be quickly available for whatever purpose your business chooses.
Plus, with our wide experience of commission buy-out, you can be sure that you will receive a timely and professional experience.
Interested?
To qualify for a Commission Buy Out, you must meet the following eligibility criteria.
- Currently authorised with the FSA
- Be the principal of the firm
- Have a current portfolio of Paymentshield policies
- Have an annual Paymentshield commission income in excess of £800 per month.
This offer is open to all Directly Authorised (DA) firms. Appointed Representatives (AR) eligibility is dependent on agreement from your network principal.
Why Commission Buy-Out?
- Upfront cash lump sum to boost business
- No lengthy application
- Repeatable process
- Specifically tailored to your company
- Transfer of attrition risk in volatile market
Why Paymentshield?
At Paymentshield we want to offer you and your clients the best products at the best price. That's why we've put together this comprehensive range of commission options. We think you'll find an option to suit, whatever stage your business is at.
- High quality products and competitive pricing
- Very competitive commission rates
- Dedicated broker sales and support team
- Award-winning - year after year, we have been named Best Provider of MPPI by Mortgage Introducer and Mortgage Strategy
- Defaqto 5-star rating for Mortgage Payment Protection Insurance and 4-star Home Insurance.
Towergate
Towergate Partnership is Europe's largest independently owned insurance organisation controlling more than £1.5 billion of gross written premium. Their success is founded on providing clients with great insurance products combined with exceptional customer service. They now have over 3500 committed staff operating out of nearly 100 UK offices and offering over 200 specialist insurance products.
Enquiries and Comments
Please ensure you include the following information with your email:
- Principal name
- Name of business
- Address of business
- Branch number
- Contact telephone number
- DA or AR
This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.