Partners Life have announced they are changing their current bonus commission criteria effective 1 October. Partners will be removing the current volume criteria for bonus commission and underpinning current bonus levels for a period of six months.
They state in a recent newsletter: We are currently working on alternative quality-based criteria to replace the current criteria for bonus commission. We intend to seek feedback from the industry to ensure we design a model focused on measurements that will recognise good customer outcomes from an effective date of 1 April 2020.
These changes, along with the recent changes made by Asteron Life which also remove the link between bonus rates and volumes of business, will be reflected in the latest commission comparison report.