Aegon has issued a media statement reaffirming its support for adviser network Positive Solutions.
PosSol has come under fire from advisers in recent weeks after chief executive Peter Coleman toughened the firm’s stance on exit fees.
Coleman says the charges need to be levied in order to protect existing partners. He says PosSol has lost £2m in the last five years as a result of advisers quitting the firm with liabilities that had to be written off.
Aegon UK chief executive Adrian Grace says: “Positive Solutions continues to receive the full support of Aegon. In the difficult times that the industry is experiencing it’s good to know there is significant financial strength in place to support the ongoing changes required.
“We fully support the Positive Solutions business and the changes that are being put in place for the long term good. We know that there will be a flight to quality and Positive Solutions is that quality organisation.”