Origen chief executive Mike Kirsch has quit the Aegon-owned advice firm.
An Aegon spokesman says Kirsch has “chosen to step down” from his position and will be replaced by executive chairman for distribution Rob Waller on an interim basis.
Aegon did not comment on the reasons for Kirsch’s departure.
Last month, Kirsch moved to clear up what he described as “confusion” caused by the terminology used in Aegon results which suggested Origen was to become a tied network.
As part of Aegon’s Q2 results, the provider said: “Origen was moved into the pensions line of business, as it is being transformed into a tied agent network following the introduction of RDR”. At the time an Aegon spokesman said the advice arm would become tied in all relevant product areas, when asked to clarify the statement.
However, Kirsch told Money Marketing there had been some confusion over UK industry terminology.