Prudential's 3,000-strong salesforce has voted in favour of scrapping commission-based pay. The life office will introduce the new pay scheme, dubbed Pay 2000, in April. The scheme means 60 per cent of salesmen's salaries will come from basic pay and 40 per cent from variable earnings based on sales performance and quality of service.
Government and Treasury sources were yesterday briefing lobby journalists that the Royal Commission Long Term Care recommendations will cost too much to implement.Secretary of State for Health Frank Dobson called for a debate on the issue but no firm commitment for action was given.The Opposition accused the Government of dithering, although the Government insisted it […]
Experian is to provide financial companies with detailed lifestyle information on 12m individuals to help them market their products more effectively.The information services company says its 'UK Population Source' will provide financial services marketers with all the customer information they need in a single source.It is aiming to help financial services marketers profile, identify and […]
By Jamie Clark, Business Development Manager It seems that auto-enrolment has been relatively successful so far: Figures from the Pensions Regulator show that since the start of auto-enrolment, over 60,000 employers have put more than 5 million members of staff into a workplace pension. The adviser and pension provider markets have so far managed to […]
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