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Canada Life boosts adviser commission for group risk

Canada Life Group Insurance has increased the maximum level of adviser commission on group risk products from 20 per cent to 30 per cent.

The group risk provider says the move will help IFAs targeting smaller firms to take up group risk policies.

Sales and marketing director Paul Avis says: “We recognise that particularly with smaller or more complex schemes the amount of work involved in their set up and ongoing management can require a commission payment exceeding 20 per cent, so we’ve changed our processes and systems to accommodate this.”

Earlier this year Canada Life introduced an average discount of 10 per cent on all group life business transacted through its Canada Life Automated Self Service online portal.

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