You Are On Your Way To Joining
Our Referral Program
Terms And Conditions Of The
Referral Program.
1. The purpose of the appointment is to allow you to refer potential clients to SWM for a reward, which such reward becoming payable only upon the successful conclusion of life assurance or other business on which referral fees are payable, with such client.
2. The reward referred to in [1] above shall consist of a referral fee only & no other remuneration or reimbursement of expenses or any other payment shall be made.
3. The referral fee payable is 20%* of net first year commission after costs paid to the Financial Advisor/Para-planner in respect of clients introduced by yourself.
4. In the event of termination of any business concluded, within 24 months of commencement of such business, the referral fee paid to yourself in respect of such business shall be recovered. Such recovery will be made by first offsetting the amount repayable against any other referral fees due to you on any new business that he may have referred to SWM, however, in the event that this is insufficient to offset the amount repayable, you will be required to repay the amount due within 2 months of the date of termination.
5. It is understood that you are not an employee, agent, representative, partner or director of SWM & he will not create the impression to any person, including potential clients, that you are such. You will not give financial advice on behalf of SWM & will not, at any time, breach the requirements of FAIS, FICA, POCA or any other act or regulation that governs intermediaries.
6. The agreement may be terminated by either party by giving written notice to the other party. In the event of SWM terminating the agreement, 30 days written notice will be required, whereas in the event of you terminating the agreement, you are entitled to do so with immediate effect. Any referral fees paid to yourself prior to the agreement being terminated will remain recoverable in the event of any termination of business within 24 months of inception of such business.
We look forward to an exciting future together.
I hereby accept the appointment as described above & agree to the terms thereof by clicking the below tick box.
Referral Program.
1. The purpose of the appointment is to allow you to refer potential clients to SWM for a reward, which such reward becoming payable only upon the successful conclusion of life assurance or other business on which referral fees are payable, with such client.
2. The reward referred to in [1] above shall consist of a referral fee only & no other remuneration or reimbursement of expenses or any other payment shall be made.
3. The referral fee payable is 20%* of net first year commission after costs paid to the Financial Advisor/Para-planner in respect of clients introduced by yourself.
4. In the event of termination of any business concluded, within 24 months of commencement of such business, the referral fee paid to yourself in respect of such business shall be recovered. Such recovery will be made by first offsetting the amount repayable against any other referral fees due to you on any new business that he may have referred to SWM, however, in the event that this is insufficient to offset the amount repayable, you will be required to repay the amount due within 2 months of the date of termination.
5. It is understood that you are not an employee, agent, representative, partner or director of SWM & he will not create the impression to any person, including potential clients, that you are such. You will not give financial advice on behalf of SWM & will not, at any time, breach the requirements of FAIS, FICA, POCA or any other act or regulation that governs intermediaries.
6. The agreement may be terminated by either party by giving written notice to the other party. In the event of SWM terminating the agreement, 30 days written notice will be required, whereas in the event of you terminating the agreement, you are entitled to do so with immediate effect. Any referral fees paid to yourself prior to the agreement being terminated will remain recoverable in the event of any termination of business within 24 months of inception of such business.
We look forward to an exciting future together.
I hereby accept the appointment as described above & agree to the terms thereof by clicking the below tick box.
