"With a no-cross-selling agreement in place, advisers will earn 30% of any commission on that product."
The referral service allows members to refer business that they do not conduct to the Network who will act as a representative of the adviser in finding the client an appropriate product. With a no-cross-selling agreement in place, advisers will earn 30% of any commission on that product.
The Network has also launched its Equity Release and PMI processes, with the processes being set up with both the adviser and consumer in mind.
CEO Martin Wilson said: “We are delighted to make these announcements which have been the product of much adviser feedback. Weekly commissions has been one of the main features that has been requested and so we are thrilled to now be able to offer this.
“The launch of the referral service as well as our Equity Release and PMI propositions shows our aim to give all of our advisers the opportunity to provide their client with a holistic financial planning service and achieve the best possible customer outcomes."
