about whether in relation to the contract it works on the basis of:
any other type of remuneration, including an economic benefit of any kind offered or given in connection with the contract; or
on the basis of a combination of any type of remuneration set out above in (a), (b) and (c).
[Note: article 19(1)(d) and (e) of the IDD]
1When considering what information to provide about the remuneration, a firm should include all remuneration which the insurance intermediary or the employee of an insurance undertaking receives, or may receive in relation to the distribution of the contract of insurance. This includes remuneration:
provided by way of a bonus (whether financial or non-financial) paid to the firm by the insurer or another firm, or provided by the firm to its employees, where this bonus is contingent on the achievement of a target to which the distribution of the particular contract of insurance could contribute. For example, this can include cash bonuses paid for achieving a sales target and additional annual leave for achieving a high customer service score on sales calls, profit share arrangements, overriders or other enhanced commissions.
1Examples of the type of payments made are those for mid-term adjustments, administration fees and cancellation fees.