Remuneration policy

Purpose of remuneration policy

The remuneration policy of Frisia Insurance and Mortgages is primarily aimed at promoting, attracting and retaining well-qualified employees. This is done in a controlled and honest way of doing business and focused on the long term. This means that we prevent employees from being stimulated by the rewards to treat the customer carelessly and to fail to comply with our duty of care.

In addition, the remuneration policy must ensure a healthy, stimulating effect, while not losing sight of the interests of our customer and the company.

Remuneration policy principles

The remuneration policy must meet the following principles:

In line with the market in terms of attracting and retaining well-qualified staff
Socially responsible
Customer interest at the center
Long term goal
Transparent
Simple
Comply with laws and regulations
Maximizing variable income
Advisor provides appropriate advice.

Internal remuneration policy

Our company has the following remuneration components:

Salary, vacation pay and, depending on profit, a 13th month. These rewards are in line with the market. The salary depends on position, age, knowledge and experience. 8% vacation pay is paid annually and, depending on the profit, a 13th month is paid out in December of each year. A periodic increase can take place annually, depending on individual performance and any additional courses completed.
Expense allowance. The employees receive a travel allowance within the tax-permitted options.
Study costs that are required by law (Wft), regulations or otherwise to be able to fill the position are 100% reimbursed.
Company car. A number of (job-related) employees can be assigned a company car by the management. A lease agreement is hereby chosen.
Company phone. The management may decide to provide a mobile phone to a number of (job-related) employees.

Company remuneration model

Our company always acts in the interests of the customer, will provide appropriate advice and mediate completely independently and objectively.

The remuneration for the company consists of one of the following options:

Compensation based on commission (by providers)
Remuneration based on a fixed fee (by customer)
Remuneration based on hours statement (by customer)
A combination of the above remuneration methods

The above forms of remuneration are included in the various service documents. When remunerated by the provider, the appropriate commission rule, also known as the induction standard, applies. The remuneration policy is an extension of the company's revenue model.

Risk Management

The remuneration policy of Frisia Insurance and Mortgages is aimed at preventing our customers from being treated carelessly. The remuneration policy has a management relationship with regard to:

Continuity of the company
Controllability of staff costs
Careless treatment of customer interests
Staff turnover

A risk analysis was made of the remuneration policy, making the risks transparent and incorporating measures taken into account in the remuneration policy. The risk analysis is carried out again in the event of changes.

Variable remuneration

Within its company, our company has no variable remuneration for its employees.

Transparency in remuneration policy

The remuneration policy is transparent and is communicated, among other things, on the website and in the service guide. In addition to mentioning the method of remuneration for our services, we also indicate how our employees are rewarded.