Practical Guides  >  Commission EDI  >  Commission types and codes

Commission types and codes

Below is a table showing the different commission types product providers detail on their Commission EDI statements.

AegonSE - Legal & General:

Version

Code

Aegon SE

AXA

Clerical Medical

Friends Provident

Legal & General

V1.1

I - Initial

Y

Y

Y

Y

R - Renewal

Y

Y

Y

Y

Y

Y - Indemnity

Y

Y

Y

Y

S - Switch

Y

B - Bond Renewal

Y

Y

Y

L - Level

Y

Y

Y

Y

X - Unknown

Y

Y

Y

Y

Y

D - DSS Rebate

Y

P - Prot Rights

Y

Y

N - Level (non ind)

V2

FB - Fund Based

Y

FA - Fixed Amount

FT - Fee based term

IF - Initial Fee

LS - Level Stepped

RF - Fund Based Renewal

FT - Fund Based Term

Prudential - Zurich:

Version

Code

Prudential

Scottish Widows

Skandia

Standard Life

Zurich

V1.1

I - Initial

Y

Y

Y

Y

R - Renewal

Y

Y

Y

Y

Y - Indemnity

Y

Y

Y

S - Switch

B - Bond Renewal

L - Level

Y

Y

X - Unknown

Y

Y

Y

D - DSS Rebate

Y

P - Prot Rights

Y

N - Level (non ind)

V2

FB - Fund Based

Y

FA - Fixed Amount

FT - Fee based term

IF - Initial Fee

Y

LS - Level Stepped

RF - Fund Based Renewal

FT - Fund Based Term

 

 

How is Fund Based Renewal Commission displayed?

AegonSE

Commission Type = R. Premium = Z

AXA

Not supported

Clerical Medical

R

Friends Provident

FB

Legal & General

B

Prudential

FB

Scottish Widows

R

Skandia

R

Standard Life

R'enewal commission that is 'B'enefit-related.Accelerated fund-based renewal commission is indicated as 'Y' Indemnity Commission that 'B'enefit-related.

Zurich

X

How is Level Commission displayed?

AegonSE

L

AXA

L

Clerical Medical

L

Friends Provident

R

Legal & General

R

Prudential

L

Scottish Widows

L

Skandia

R

Standard Life

L

Zurich

I