Holloway Friendly increases new business commission
Holloway Friendly has announced a 14% increase in new business commission rates for advisers on all income protection products.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The friendly society will increase commission for online submissions from 140% to 160% on both Purely IP plans, Classic plus, and its newest product Essential Illness IP.
Mat Manser, sales and marketing director for Holloway Friendly, said:
“Holloway Friendly has kept its premium rates the same over the last five years, which has been achieved by efficient use of technology in new business and underwriting, but we understand the cost of providing advice has increased.
“It is only fair that we recognise the increased commercial pressure on our intermediary partners and share some of that burden. We are able to do that, without increasing our premiums, due to the way we are run, and our mutual status.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Vida
Vida launches high LTV 'Pathway' mortgage range
