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Friends adds commission flexibility to Wealth Solutions bond

Friends Provident has added a commission flexibility option to its Wealth Solutions bond.

The move, an attempt to boost its invsetment bond offering, means advisers will now be able to customise the commission to suit their clients’ requirements.

Advisers can now give up some or all of the initial commission, in order to increase their client’s investment. This could also serve to reduce any establishment charge.

If the adviser increases the amount of fund-based renewal commission, it will increase the client’s annual management charge.

A further 0.25 per cent commission will be available on the first £100,000 invested if advisers submit their bond business online.

Friends Provident director of marketing James Ward says: “The addition of commission flexibility means that advisers have a wider range of options to choose from in order to maximise their own commission or reduce their client’s costs over the investment period.

“We have introduced this option as part of our commitment to meeting current needs – one of which is to allow the adviser to be in control of the charging structure.”


IFP hires Gazzard as operations director

The Institute of Financial Planning has appointed Steve Gazzard as operations director. Gazzard will take up the role on February 26. He joins from Fidelity FundsNetwork and brings over 20 years of industry experience, having worked at Scottish Equitable, Prudential, Fleming Save and Prosper and Egg. In January 2006, he joined FundsNetwork as business operations […]

Skandia launches web tool to unlock unused Isas

Skandia has launched a new Isa website and tool which it says will help advisers to unlock an estimated £2bn of unused Skandia Isa allowances. The service is offered free to the 10,000 advisers registered on the Skandia Wrap. Skandia says it will help advisers to identify clients with unused allowances and allow advisers to […]

Ex-Skandia director joins Sarasin

Sarasin & Partners has appointed former Skandia group investment director Jim Roberts as non-executive director. Roberts, who was also chairman of Skandia Investment Management, will look to build on Sarasin’s drive into the mainstream UK wholesale market.

Bright Grey moves into business protection

Bright Grey has launched a new business protection product which offers cover for key person, loan protection and ownership protection.The policy, which allows advisers to combine up to 10 covers within one plan, also includes key person income cover for sickness which is designed to protect employers from loss of profit if a key person […]


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