Positive Solutions remains on track to float before 2010 and is aiming for a market valuation of £300m.
Parent group Aegon UK has just had the business valued at £200m and is pledging to pay 40 per cent of any value over this amount on flotation back into the partnership scheme, to be split between qualifying advisers.
PosSol has extended the terms of its partnership scheme, which now has over 1,300 qualifying partners.
It will award 3,000 points to qualifying partners by way of three channels. Advisers can qualify by writing at least £50,000 of business before the end of September.
They can also qualify by joining PosSol if they stay with the firm for the duration of the scheme. Also, for every recruit brought in by an existing partner, PS will award 3,000 points to both the new and existing partner, providing they both stay with the scheme for its duration, but applications to join must have been in the pipeline before the end of August.
The three routes currently have 900, 330 and 160 partners qualifying respectively.
Outgoing chief executive Neil Johnson said: “We should be on track for a flotation by the end of 2009. If market conditions are not right to float then, an independent valuation will be conducted early in 2010. We have a goal of a £300m value, which would currently see each qualifying partner receive around £30,000.”