The launch follows an extensive trial and means that as soon as Premier Connections receives a commission, intermediaries will be paid the next working day. Every morning the system updates broker commission statements and transfers processed payments by BACS direct to broker accounts.
Mike Cooke, Director of Premier Connections, said: "Many brokers complain about the delay they often have in receiving commission payments from their network. With the introduction of daily payments brokers can be assured that Premier Connections pass commission on as soon as possible.
"With the technology currently available there is no excuse for Premier Connections, or any other network, to withhold payments and only make them on a monthly or even quarterly basis. Brokers deserve to receive their commission at the earliest opportunity."
Premier Connections provides a range of protection products including life assurance, health insurance, general insurance and mortgage services. Membership of Premier Connections is free and brokers can find out more by visiting www.premierconnections.co.uk or calling 08456 443444.
