Several companies have updated commission terms and one has a new agency agreement:
- AIA - has ended temporary extra commissions that were part of a limited-time offer
- Asteron Life has rejigged initial commission, and added a temporary extra, as well as extended aggregator override.
- Fidelity Life has ended new business commission on indexation increases
- Partners Life has issued a new agency agreement giving additional powers to manage expected conduct obligations. Possibly the most interesting addition is a new section which requires an adviser whose client wishes to be served by another adviser to negotiate the sale of the renewal commission - or have it switched, with compensation paid by Partners Life if they cannot agree.
More details are available to subscribers to the commission comparison report.