Asteron Life has introduced new commission options to give advisers greater flexibility.

Advisers can choose from a customised commission rate, a new hybrid rate or a wholesale rate with built-in discounts for those wanting to move to a fee-for-service model.

Asteron Life EM Mark Vilo says the new approach lets advisers tailor pricing for individual clients.

“Advisers are asking for flexibility, so we have developed a first-to-market customised rate that enables them to adjust commission rates and client premiums throughout the life of the policy.”

Advisers can select a commission of up to 88% in the first year and up to 22% ongoing.

Depending on their commission choice, clients may also receive premium discounts of up to 25%. Asteron has also released a new “no commission” wholesale rate.

“For those advisers interested in moving to a full fee-for-service business model, we’ve released a new wholesale rate with a built-in 25% discount and an additional 15% for new clients in the first year,” Mr Vilo said.