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Johnson set to quit PosSol early to join True Potential

Positive Solutions chief executive Neil Johnson is to step down in the next few weeks, with former Barclays Financial Planning managing director Jim Reeve tipped as the favourite to replace him.

Johnson said in April that he would remain at PosSol until the end of the year but this has now been brought forward to the beginning of the fourth quarter. He is set to join David Harrison at True Potential.

PosSol’s parent company Aegon is understood to be recruiting a successor, with Reeve reckoned to be the most likely candidate.

Reeve worked for Zurich group for 25 years before becoming Zifa managing director in July 2001. He then joined Barclays as managing director of financial planning in April 2004, leaving earlier this year.

His appointment would coincide with Keith Carby’s anticipated move from Foster Denovo to head Openwork.

Johnson says: “It was always the intention that I would move towards the end of the year. I will probably be settled in by the beginning of October but I am staying out of any discussions about appointing my own successor as I do not feel that would be appropriate. I am sure that Aegon will find someone that works well with them and how they want to take the business forward.”

Aegon Scottish Equitable and Reeve refuse to comment on the issue.


Energy level

With most major governments concentrating on encouraging the reduction of carbon emissions, an investment in renew-able energy companies is sensible.

First-time buyers could pay £1m for starter homes in 2024

First-time buyers could have to pay £1million for a starter home in 17 years time, according to new research from Stroud & Swindon.The lender has found that if house prices continue to follow the current growth trend, FTB’s would find their first home hitting the £1m mark in 2024.This high cost would be most likely […]

Axe and Aegon see big boost to offshore sales

Wider investment choice and tax planning opportunities are being cited for rising offshore sales in the first half of 2007.Sales of Axa’s offshore bond more than doubled to £116m compared with £53m in the first half of 2006 on an annual premium equivalent basis.Aegon Scottish Equitable International saw a 52 per cent rise in sales […]

Thinc buys benefits company

Thinc Group has bought human resources and employee benefits consultancy PIFC Consulting, marking its first move into the corporate benefits market.It says it was attracted to PIFC because of its fee-based model and reputation for providing employee benefits services in the financial services, media, legal, insurance and IT sectors.Thinc Group chief executive John Simmonds says: […]

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