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Positive Solutions to stay outside new group

Newcastle-based national IFA Positive Solutions will not be incorporated into Aegon UK&#39s Origen cluster of advisers but its relationship with Aegon remains amicable.

Aegon, which has a 60 per cent majority stake in Positive Solutions, decided to exclude it from the shake-up as it says its style would be unsuitable for this type of programme.

It says because Positive Solutions is a national while the rest are specialist regional firms, it is best placed to continue separately.

Positive Solutions has over 800 advisers and doubled its profits last year. Aegon has the option to acquire the remaining 40 per cent stake in two stages by 2007.

Aegon UK Distribution managing director Peter Dornan says: “Positive Solutions has not been included within the Origen plan because its operates on a different business model to the other firms. It has a unique technology proposition which drives its business model and sales support process. Origen is a much more traditional-style IFA.”


Gender for change

The House of Lords’ EU sub-committee on social policy and consumer affairs has announced details of an inquiry on EU proposals prohibiting the use of gender criteria in determining prices for products such as car insurance, pensions and annuities. Individuals and organisations such as independent financial advisers are invited to submit written evidence to the […]

Calling the tune

This month&#39s award for the most musically gifted PR goes to Lansons&#39 Richard Winder, headlining the Diary&#39s new fave band Numbernine. Winder&#39s tunes packed out the famed Betsey Trotwood in Clerkenwell, even managing a D-List celebrity turnout which included half the cast of The Bill. A special mention also goes to Liz Willder for excellence […]

Churchill quits Zurich to be Pension Protection Fund chairman

Outgoing Zurich Financial Services UK, Ireland and Inter-national life chief executive Lawrence Churchill has been confirmed as the first chairman of the Pension Protection Fund. Churchill resigned from Zurich last week after 18 months. He joined the company in 2002 from Unum Provident. The Government had been looking for an industry big hitter to head […]

Scottish Widows Investment Partnership – UK Opportunities Fund

Type: Oeic Aim: Growth by investing in UK equities Minimum investment:Lump sum £25,000 Investment split: 28.8% cyclical services, 26.12% financials 15.73% non-cyclica services, 9.02% resources, 8.82% utilities, 3.28% non-cyclical consumer goods, 2.89% general industrials, 2.79% information technology, 1.51%basic industries, other 1.05% Isa link: Yes Pep transfers: No Charges: Initial 5%, annual 1.5% Commission: Initial 3%, […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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