Earn a reward for this quarter's Life production growth
Motivate your financial advisers to reach stretch Life targets and win a reward.
You will earn an additional reward for every adviser in your panel that meets their individual Life target for the quarter, subject to a minimum of five qualifying advisers.
How it works:
The individual target increase for each adviser will be based on the API band they fall into.
| Prior Year API production band (April – June 2017) | Percentage API Increase required |
| R0 to R74 999 | 30% |
| R75 000 to R149 999 | 25% |
| R150 000 to R299 999 | 20% |
| R300 000 to R599 999 | 15% |
| R600 000 to R899 999 | 12.5% |
| R900 000 to R1 199 999 | 10% |
| R1 ,200 000 | 7.5%% |
Based on this, you will receive a rand value reward for each qualifying adviser who exceeds their individual targets.
| Prior Year API production band | Rand reward value per qualifying adviser |
| R0 to R74 999 | R500 |
| R75 000 to R149 999 | R750 |
| R150 000 to R299 999 | R1 000 |
| R300 000 to R599 999 | R2 000 |
| R600 000 to R899 999 | R4 000 |
| R900 000 to R1 199 999 | R6 000 |
| R1 ,200 000 | R8 000 |
| R2 400 000 + | R10 000 |
Things to note:
- To qualify, your advisers will need to meet the minimum criteria below:
- R40 000 for Tied Financial Advisers
- R5 000 for Independent Financial Advisers
- You will also need to achieve minimum criteria for quarter four
- This challenge will run from 26 March 2018 – 25 June 2018.