Legal & General returns to commission on authorisation model

Taking effect as of 30 May, L&G will pay commission to intermediaries at the start date of a policy, rather than upon the successful collection of a first direct debit payment. The insurer stated that advisers will still have the option to stick with the current commission model rather than the authorisation structure. It stated that the decision has made in line with feedback from protection advisers and to "improve the cashflow positions of adviser firms in the face of difficult economic conditions over the past 18 months." Julie Godley, director of intermediary at L&G Retail, co...