FINANCIAL PLANNING REMUNERATION


Upfront Commission

This is generally an upfront commission of 100% to 130% of the new business premium and an ongoing commission around 10% of renewal premiums.


Hybrid Commission

This is generally an upfront commission of 170% of the new business premium and an ongoing commission of around 20% of renewal premiums.


Level Commission

This is generally a flat rate upfront commission of around 30% on the new business premium and an ongoing commission of around 30% of renewal premiums. 


No Commission (Fee-For-Service)

This includes fee-for-service remuneration arrangements, where typically the adviser would rebate any commission paid by an insurer back to the client and the client would pay a fee for service, as negotiated between the adviser and the client, which would vary depending on the nature, scope and complexity of the advice provided to the client.


Salaried Employee

Remuneration is not by commission.