The Right Mortgage & Protection Network will be paying commissions on a weekly basis, with immediate effect.
It made the announcement at its National Training Event last week.
The event, which saw more than 120 members in attendance along with over 30 lender and provider partners, also brought the launch of a referral service and their Equity Release and PMI sales processes.
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. There is a no-cross-selling agreement in place.
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.
Managing director Adam Stretton added: “Our already strong proposition continues to grow and we are certain that this will have a significant positive impact on our advisers’ business.”
