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PosSol picks Carter as chief operating officer

Positive Solutions has appointed former Origen Financial Services risk management and compliance director Greg Carter as chief operating officer.

Carter will oversee compliance, technology and operational support at the firm.

He has been working with Positive Solutions’ risk and compliance team since November following two years at Origen. He has nearly 25 years experience in the financial services industry with distributors and product providers.

Carter’s appointment comes after the recruitment of a new marketing team under marketing director Keith Gilmour.

Gilmour says: “We will deliver a deeper and more compelling proposition for our adviser partners by building on the strengths of our compliance, administration and marketing teams while pushing ahead with industry-leading initiatives such as the Learning Academy.”

Chief executive Jim Reeve says: “Greg’s extensive knowledge of compliance and treating customers fairly issues, combined with the creation of the new marketing team, is more evidence that we are determined to be proactive in continuing to develop our unrivalled offering for partners and their clients.”

Carter says: “This new role offers a fantastic opportunity for me to play a major role in the growth of one of the strongest and most innovative UK whole of market IFA companies.”


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HBOS is preparing for a £4bn rights issue only a month after declaring that it had no liquidity problems. It will also apparently be one of the biggest participants in the Bank of England’s £50bn scheme exchanging mortgages for bonds.

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I recently stumbled upon a piece of paper from Friends Provident which read: “As part of our policy to treat all customers fairly, we are upgrading our contracted-out policies to be more in line with stakeholder. As a result of this, we have capped commission at a maximum level of 2.5 per cent for all rebate contributions received after April 6, 2005.”

Three catalysts for European equities

By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]


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