Insurance

Partners’ fall in medical business ‘lower than anticipated’

Friday 23rd of November 2012

Managing director Naomi Ballantyne said there had been approximately 10% fewer applications since the September 1 commission changes came into effect, when upfront commission was replaced with commission paid on an ‘as earned’ basis, where advisers get paid as each premium is paid to the insurer.

Ballantyne said Partners Life was forced into changing the commission structure as they ende...

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