Persistency the key in new OnePath remuneration model

"This is creating quite a heavy weight towards persistency with remuneration," said OnePath adviser distribution general manager Jeremy Nicoll.

"Your level of remuneration is going to be linked a lot closer to your level of persistency."

As persistency is based on a rolling 12 month figure, the company said it would move to a transitional model from January 1, 2012 to September 30, 2012, before moving to the new model on October 1, 2012.

Under the transitional model, advisers with a 93%-plus persistency will receive a high persistency payment of 10% of the initial commission paid, with a 5% persistency payment for those with a 91% persistency.