I recently read an article in Money Marketing by Lorna Bourke, stating that some companies were paying thousands of pounds commission for stakeholder.
Maybe I am on a different planet to Ms Bourke but, as you will see from the attached quotation for one of my clients, the commission is £126.36.
Prior to April, it would have been £187.20 – a reduction of £60.84.
I do not consider that this is exorbitant for looking after a customer until their retirement and there cannot be too many businesses that are taking reductions in income. Interestingly, if I decide to charge a fee for my services of say £100 a year, wouldn't the client be worse off, come year two?
Norwood Financial Services,