Harrison slams life companies

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POSITIVE Solutions chairman David Harrison has lambasted the industry for allowing life and pensions companies to bolster weak and failing distribution firms, thereby delaying the market's progress to a more efficient model.

In a speech at the national IFA’s National Partners Forum, Harrison pointed to the millions of pounds poured into distribution companies that later went to the wall. He said the money would have been better spent increasing efficiencies within the industry to ensure companies with a viable business model developed and grew the market. To that end, Harrison said, Positive Solutions would be making its cutting edge technology system available to the general market in a bid to help the industry improve connectivity, increase ebusiness and, through greater efficiencies, “save the financial s...

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