Canada Life ramps up adviser commission

Intermediaries can now select up to 30% commission on sales of all its group risk products - a 50% up on the 20% maximum previously available. Canada life says this is aimed at intermediaries targeting smaller firms including those that transact group business using the Canada Life Automated Self Service (CLASS) online portal. The move follows the introduction of an average discount of 10% on all Group Life business transacted through CLASS at the beginning of this year. Paul Avis, sales and marketing director at Canada Life Group Insurance says: "We recognise that - particularly w...