View more on these topics

PosSol refuses to rule out future restricted move

Aegon-owned national IFA firm Positive Solutions says it plans to remain independent but has refused to rule out a move to set up a restricted panel in the future.

The firm says it has concentrated on making sure it can meet the RDR’s independence requirements, but adds it is possible it could look to set up a restricted venture at some point in the future.

PosSol marketing, brand and communications manager Simon Cockfield says: “There are no current plans to offer a restricted service but we may look at the possibility of offering it in the future.”

Bloomsbury Financial Planning partner Jason Butler says: “I think it is sensible for any business in any industry to keep its options open and that is what Positive Soltuions is doing here. I can see some of the larger advice firms in the future having large numbers of restricted advisers and a small pocket of independents.”

Sesame announced it would launch a restricted panel last year, which covers investment, pensions, protection and at-retirement products.

SimplyBiz chairman Ken Davy announced the launch of his restricted national proposition, Sandringham Financial Partners, in May.



Alan Lakey: Is the FOS’s temp strategy correct?

Like the FSA, the FOS is not accountable to Parliament, neither is it accountable to any independent oversight body nor in any way to the industry that it feeds on. Consequently, it is only right that we as an industry, subject to its whims, conceits and hindsight opinions, should scrutinise its actions, expenditure and behaviour […]

Advisers report problems with Skandia pension illustrations

A number of advisers using the Skandia platform are unable to generate pension illustrations for new business and top-ups. Skandia says it is aware of a problem relating to pension top-ups and is working to resolve the issue. The firm gives the example of where trades are in progress as an event which would prevent […]

Woodford and Mott issue 2013 warnings

Neil Woodford has warned investors to expect further downgrades to profits forecasts for those companies more sensitive to the economic cycle. Woodford, manager of the Invesco Perpetual Income and High Income funds, says the impact of the ongoing crisis in Europe, a slowdown in the US and persistent reduction in borrowing across the western world […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm