Insurance

Cut your commission to compete, says Sovereign

Wednesday 25th of January 2012

While Sovereign sets the standard commission rates, the company said advisers are able to reduce their upfront commission percentage to in turn provide a reduction in premium to the customer.

Sovereign said this was known as ‘variable commission' and that advisers can select this option at the point of sale via the Sovereign quote software.

One adviser - who wished to remain anony...

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