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Johnson remains as CEO, says Pos Sol

Positive Solutions chief executive Neil Johnson will remain at the firm despite being made a partner of executive chairman David Harrison’s new spin-off True Potential.

PS marketing manager Daniel Harrison, who will be leaving to become head of marketing and will be made a senior partner, has confirmed Johnson will stay at PS for the remainder of the year.

He says: “If anything is to change regarding Neil it is not likely to happen until the end of the year or even early next year. We need Neil to stay at Positive Solutions for stability purposes and we and Aegon have agreed that if at any point it looks to be to the detriment of PS for Neil to come across, it will not happen.”

He says there are no recruitment efforts taking place to find Johnson’s replacement.

Former PS IT director Richard Clarke and director of wealth management Mark Henderson have been working at TP for several months already and Earl Glasgow joins TP as head of distribution.

PS sales director Mike Edwards will now take full responsibility for the sales teams and business consultants.

Daniel Harrison’s younger brother Philip will join PS as marketing manager. The pair are currently conducting a handover.

Johnson says: “I am still the CEO of Positive Solutions and have a business to run. Although I was an initial signatory to the partnership deal my role will not change until the phased transition period of senior maangers is completed and established. I cannot see anything changing before Q4 this year at earliest.”


ABI accused of leaving IFAs in dark on CI

Scottish Provident has hit out at the Association of British Insurers for leaving IFAs uninformed on critical-illness insurance developments by not communicating its statement of best practice effectively to them.

Fast March for house prices

House prices picked up again in March as the market absorbed interest rate rises, says the Royal Institution of Chartered Surveyors.

Hothouse flowers

There is nothing like a controversial mortgage product or two to shake things up a bit. In the past couple of weeks, two lenders have obliged by launching new products. Neither is revolutionary, both have been done before but that does not make them any less controversial.


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