Commission Terms
Commission will be paid to registered introducers, who have agreed to comply with SCIL’s terms of business.
Payments will be made by cheque (payable to the registered introducer) in arrears within 10 days of each quarter ending 31 Jan, 30 Apr, 31 Jul and 31 Oct.
Commission is calculated on the average balance in the previous quarter at 0.10% per annum.
Commission is currently payable on the 6 Month Client Rollover Bond and Lifestyle Client Reserve.
Introducers not requiring commission may enhance their client’s interest rate by 0.10% p.a.