PosSol cuts mean Med cruise may be last overseas forum

Scott Sinclair
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Positive Solutions is cutting its annual Overseas Forum - this year a Mediterranean cruise - because of "exceptional" costs incurred in 2009.

It says this year's event, for 370 of its best-performing partners in May, will be the last "for a while", adding the company is also limiting salary increases, cutting bonuses and reducing its marketing spend. The company took 400 delegates to Dubai last year. Positive Solutions CEO Jim Reeve told delegates at its 2010 National Partners Forum in Birmingham that, despite an increased market share, turnover had reduced because of heavy costs incurred evolving its governance framework and developing its post-RDR strategy. However, Reeve, who spent a large part of 2009 visiting partners ...

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