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Life Assurance (Premium-Relatedcommissions)

Volume 927: debated on Monday 7 March 1977

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asked the Secretary of State for Trade if he is satisfied that the change to premium-related commissions under life assurance policies is in the best interest of the consumer.

Commissions payable on life assurance policies are not subject to my approval or control, but it seems to me that the policyholder's interest is more likely to be served by commission being related to the premium paid rather than to the sum assured, as was the case previously.