The network, which has come under heavy criticism from some of its own ARs for late commission payments, is currently in acquisition talks to be bought up by one of several rival networks. It is also in the process of selling its £5m headquarters, Botley Manor.
But it has confirmed that it will still be running the annual getaway to North Africa on the weekend of May 7, which was pre-arranged at the start of 2008.
The event is being sponsored by Bright Grey, LV=, Legal & General, Scottish Provident and Scottish Equitable.
Network Data chief executive Alex Cotton says no money has been set aside for the event, which is being subsidised by the sponsors. She says: “I am not concerned about this. It is not Network Data money, and we are taking no money from brokers.
“If we had booked this event now it would be a different story, but it was organised more than a year ago, this is the third year we are running this. Anyone can win a place on the weekend, all ARs are entitled, but we cannot go back on our word, we promised this to the top producers.
“We are stuck between a rock and a hard place on this one – many people, including our sponsors, would be unhappy if we cancelled it.”
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