Earn a reward for this quarter's Life production growth
Motivate your adviser 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 5 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% |
| 900,000 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 | R1000 |
| R300,000 to R599,999 | R2000 |
| R600,000 to R899,999 | R4000 |
| 900,000 to R1,199,999 | R6 000 |
| R1,200,000 to R2,399,999 | R8 000 |
| R2,400,00 + | 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 Adviser
- You will also need to achieve minimum criteria for quarter 4
- This challenge will run from 26 March 2018 – 25 June 2018