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.