Guardian FS confirms premium deferral option

One, two or three months

Adam Saville
clock • 1 min read

Insurer provides statement on how commission would be paid if policyholder takes a premium deferral

Guardian customers who've requested a premium deferral will have the choice to defer their normal monthly payments for one, two or three months. At the end of the deferral period, the customer will have up to three months to make up the missed payments.  The new option has been brought in following FCA guidelines to helping customer facing financial difficulty as a result of COVID-19. Last week, the Association of Mortgage Intermediaries (AMI) called for transparency regarding how changes such as these will affect broker commissions. Guardian said: "For advisers who receive non-ind...

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