Our Flexible Commission Structure
With our commission structure, there are 4 options to choose from, so you have more choice over how and when you earn your commission.
Choose from:
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Double Indemnity
Receive a discounted advance of 24 months commission in month one, followed by further annual advances from month 25 onwards following each policy anniversary date (which may also be discounted). Please note that this commission type will always carry a clawback liability.
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Annualised Indemnity
Receive an advance of 12 months worth of commission in month one, followed by a further 12 months commission following each policy anniversary date. Please note that this commission type will always carry a clawback liability.
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Indemnity
Receive an advance of 12 months commission in month one. Please note that this type of commission is only available on certain Paymentshield products and may be subject to our acceptance of an additional term within your agency agreement.
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Monthly Drip/Accrual
Commission is paid on a monthly basis throughout the term of the policy. The amount you receive is dependent on the premium collected in the month.
Directly Authorised Advisers
If you are interested in changing your commission structure to Double Indemnity, please login to our DA Member area and follow the on-screen instructions. If you do not have access, then you can register online.
Appointed Representatives
If you are interested in changing your commission structure to Double Indemnity, please consult with your Principal's Head Office. If they have agreed that you can opt for Double Indemnity commission, you can register your request with them to start receiving it.
This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.