
Insurance
Newpark makes U-turn on FAP status

Monday 23rd of March 2020
Previously the group said it would not be a FAP and encouraged its 450 members to establish their own FAPs.
The move comes following the sudden departure of its second chief executive, Melanie Purdey, and after Partners Life announced it was changing its commission model. Rather than pay overrides to dealer groups Partners is planning to pay the override to FAPs from where the advice is...
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