Commission rates up at SLH

Private medical insurance brokers can look forward to increased commission, after Standard Life Healt...

Private medical insurance brokers can look forward to increased commission, after Standard Life Healthcare announced a 2.5% increase in its renewal rate for company community rated and low claims frequency business.
The new commission rate of 7.5% will take effect for company schemes renewing on or after 16 July 2002.
SLH has also introduced a number of new 0845 local call numbers, designed to cut the cost for intermediaries and their customers contacting the company.
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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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