200% commissions raise eyebrows

Sovereign has made headlines with its limited-time offer of 230% upfront commission when an adviser sells health and life insurance together.

The offer runs until the end of December.

Chief executive Symon Brewis-Weston said it was in response to competitors who had continued to raise the level of commissions over the past two years.

IFA chief executive Fred Dodds said: “If these 200% upfront commissions are still producing healthy profits for the life companies, will they ever come down?’