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Policies, Commission Pay-aways

In all of the policy screens, if you keep clicking the black “Curve-Right Arrow” button you’ll eventually come to a “Sales Commission” screen, like that illustrated below, which is common to all types of business. You can create up to seven commission pay-aways to sales people on this screen before clicking the black “Curve-Right Arrow” button for the final time to post the whole lot to the accounts (see “Policies, Posting to Accounts”).

  • The total commission available is shown at the top right of the screen, with the (monthly) premium below
  • Use the “Advisers” drop-down to select an “Adviser” address set (e.g. “Advisers, Rogues”)
  • …or…

  • To remove an adviser line select the blank “Adviser” address set (see illustration, above)
  • Select the individual adviser from the central drop-down (e.g. JP - Jane Potter)
  • Edit the adviser’s commission rate and basis of commission, which can be a…
  • o percentage of the total commission available

    o percentage of the total commission before any Lautro uplift (n.b. Life & Pensions only)

    o percentage of the annual premium

    o fixed amount

    o percentage of the main adviser’s commission

  • Repeat the above for the Leads and Introducers
  • When finished, click the black “Curve-Right Arrow” button to post to the accounts (see “Policies, Posting to Accounts”)
  • In the above illustration…

    o George Webb gets 10% of the total commission available ( T ) = £201.36

    o Nick Bradley gets a fixed sum ( F ) = £10

    o Hugh Muir gets 20% of the main adviser ( A ) = 20% or 10% = £40.27

    o Jane Potter got 10% of the total (£201.36) but then passed 20% of that to Hugh, leaving £161.09

    o Harry Enfield gets 10% of the annual premium ( P) = (£150 x 12) x 10% = £180