Positive Solutions plans for 2010 flotation

At its annual National Partner Forum in Birmingham, Positive Solutions, the IFA firm owned by insurer Aegon, announced to over 1,300 advisers its plans for a “Partnership Scheme” and a “Relax: Practice Buyout” scheme. The firm says the two new schemes are designed to recruit and reward their partners, in a bid to meet the planned expansion of the firm from its current 1,500 partners to over 2,500. In the ‘Partnership Scheme’, Positive Solutions says a fund of at least £80m which will be shared out among the IFA partners providing the company reaches a value of £600m or more by 2010. I...