We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
charges
davidcb
Posts: 1 Newbie
I obtained a discount from Swinton after using a comparison website quote to negotiate a better deal. I have since had to cancel the insurance and they want to charge me for the discount they gave me. Can I do anything?
0
Comments
-
I dont understand what you mean, charging you for the discount.
They would charge you a cancellation fee and possibly also an admin fee.
Look at the terms and conditions...make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
I dont understand what you mean, charging you for the discount.
They would charge you a cancellation fee and possibly also an admin fee.
Look at the terms and conditions...
Swintons do cash back or rebate some of their commission to make the premium more attractive.
Send a polite and concise letter headed "Official Complaint" which they are duty bound to properly investigate and report back to you within eight weeks (They can't chase you for the money while dealing with the complaint).
There's a reasonble chance they will right the charges off0 -
they want to charge me for the discount they gave me. Can I do anything?
When a commission rebate is given, it is on the basis of the whole years premium being paid. If you cancel early then the whole premium will not be paid and the commission (which could range from sole or all to it) will be clawed back.
it is normal for contracts to have a clause in the respect of commission clawbacks.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards