Paymentcare offers enhanced commission for transferred policies
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Paymentcare Limited is offering enhanced commission rates on all policies which are transferred from other providers.
The firm says it will pay a 10% commission uplift on standard rates to intermediaries rebroking a policy from another provider, which will be paid for the life of the policy.
It is also offering a commission guarantee to pay trail commission for the life of the policy, even if in cases when a broker has retired from the industry.
Shane Craig, managing director of Paymentcare, says the initiative is likely to be welcomed by brokers who have seen their commission levels reduced by other policy providers recently.
He says: “I would urge all brokers to be pro-active and to seek out the best deals for their clients and re-broke.
“If that means lower premiums for the same or comparable cover and guaranteed enhanced commission terms for the broker, then it’s a win-win situation.”
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Readers' comments (2)
Pat Bunton | 10 Feb 2012 11:30 am
A deserved one in the eye for Paymentshield - brokers should only switch when in the clients best interests - obvious but worth stressing
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Chris Stevens | 15 Feb 2012 4:55 pm
About time someone stood up to Paymentshield. Whilst I agree with Pats well made comments I think we would all agree that it is not hard to show that moving woulld be in the best interests of the client. The fact that it is also in our best interests to get out from under that company before they take everything is just a bonus.
I have used PaymentCare now for a few months and they seem to be very good for the client and us so thumbs up to them.
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