Positive Solutions announced today that 112 partners are expected to take advantage of the firm’s 0 per cent retention scheme introduced last year.
The national IFA is ready to pay out £7m to the 112 IFAs giving them 100 per cent of their earnings. The IFA partners must write over £150,000 of business in order to qualify for 0 per cent retention.
Speaking at the 2007 annual Partner Forum at the ICC in Birmingham, outgoing chief executive Neil Johnson said: “Since introducing our 0 per cent retention on amounts over £150,000 we are delighted to announce that there are 112 of you already set to qualify. We are ready to pay £7m at 0 per cent giving you 100 per cent of your earnings.”