St Paul encourages brokers to switch to fee-charging basis.
St Paul is trying to move away from a commission structure for brokers, according to deputy general ...
St Paul is trying to move away from a commission structure forbrokers, according to deputy general manager David Bevan.
Mr Bevan said: "We are encouraging our medium to large commercial brokers
to work on a fee basis, net of commission. We would rather avoid the whole
commission question."
Brokers' commission has come under the spotlight recently as insurers
argued that rising premiums should be matched with falling commission
rates.
Axa recently announced it is cutting commission on employers'
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