Sesame Bankhall is not ruling out negotiating loaded premiums for its advisers as it carries out a review of its protection and general insurance business.
Money Marketing reported earlier this month that the protection industry is divided over loading premiums, where providers are asked by distributors to inflate premiums to pay higher commission.
Sesame managing director of mortgages and general insurance John Cupis says following the merger of Sesame and Bankhall last year, the group is now carrying out a review of its protection and general insurance business.
He says : “Insurers load premiums for certain products and certain channels. It would be right to review all the options available as part of our protection business review but we have made no decisons on what route we are taking. We are undertaking a general review of the market and trying to understand what options we have got to create the best terms for our broad adviser base.”
The review is expected to complete towards the end of the year and advisers will be consulted during the process.