Pink is expecting to pay out £14m to advisers this year against £8m in 2011.
With 20% fewer advisers in the network now than in 2011, Pink said the figures show the importance the network places on developing existing advisers rather than having a policy to grow income through chasing after other networks’ advisers.
Pink also announced a record month for mortgage completions in September and said that the level of protection sales by Pink advisers had increased by 441% over the past four years.
Talking at the Pink conference, Mark Graves (pictured), head of Pink Network, said: “The fact that we are still setting record months, even though the market as a whole shows signs of slowing down is further evidence of the importance of a disciplined sales process.”
He added: “In reality, MMR did not and is not slowing down our growth or development. The advisers in Pink network have shown they are prepared to embrace change and work on developing their own business models, this is reflected in some extraordinary achievements in the last four years. Success has been achieved in both the protection and mortgage arenas.
“The focus for 2015 is to help the advisers to maintain the performance they achieved in 2014. We have also set out our stall to make income protection the major growth area in 2015 regarding protection. Trainee development will play a major role next year as will admin support if our firms want to continue to grow in a controlled way.”
