Partners restarts shadow share scheme

Shadow Shares are deferred cash commissions which are linked to the uplift in the value of Partner’s Group Holdings share price, rather than actual shares in the company.

The size of the deferred commission pay-out is linked to the quality of each qualifying tranche of business, with significant pay-out enhancements for higher persistency outcomes.

“We believe this scheme will drive positive outcomes for the industry by encouraging advisers, who entrust their clients to Partners Life because of our outstanding value proposition, to work even harder to retain and review those clients well into the future,” managing director Naomi Ballantyne says.

“We believe this will be attractive to both new and existing advisers by further rewarding them for high quality, persistent business. This is a solution where everyone benefits as the adviser will see both the value of their own asset base increase and participate in the share performance experienced by Partners’ shareholders, while our business value is enhanced through the high quality of business written.”