View more on these topics

Forester Life to axe future trail on Children’s Mutual book

Insurer Forester Life will stop paying advisers trail commission relating to the Children’s Mutual book of business from the end of this month.

The Children’s Mutual business, formerly part of the Tunbridge Wells Equitable Friendly Society, moved to Forester Life in May. As part of the integration, Forester Life has written to advisers saying it will not pay out further commission on Children’s Mutual policies.

In the letter, seen by Money Marketing, the insurer says it will instead pay out a non-negotiable lump sum of two years’ commission based on policies remaining in force until
either maturity or 30 April 2016, whichever is the earlier.

The company declined to comment on the number of affected advisers or on how much it has set aside to settle future trail payments.

Trail will stop for life, pensions and Holloway sickness business, the Child Trust Fund and the Growing Up Bond.

Forester Life says it has taken this step to benefit policyholders.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm