I read with interest the comments by Gareth Fatchett regarding renewal
commission being withheld by networks.
An alternative approach I have is in fact to do entirely the opposite. On
joining, I ask each member to complete a form of nomination so that in the
event of his premature death I know to whom I should continue to pass
renewal commission. Equally, that nominated person would be asked the same
question at that time so the renewal stream continues.
I am not giving anything away – renewal commission is a servicing
commission and not related to advice. It is only from the latter that I
expect my network to earn its income stream. Perhaps my approach helps to
explain why addit-ionally I take no charge against renewal commission
anyway during membership for exactly the same reason.
The Whitechurch Network