PosSol cuts mean Med cruise may be last overseas forum

Scott Sinclair
clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read
Women in Financial Advice Awards 2025: Nominations close today!

Women in Financial Advice Awards 2025: Nominations close today!

Awards to be held on 12 November in London

Professional Adviser
clock 09 May 2025 • 1 min read
Younger clients demand sustainability 'impact not labels'

Younger clients demand sustainability 'impact not labels'

Investment industry criticised on ‘terrible job’ of appealing to fresh audiences

Sahar Nazir
clock 08 May 2025 • 2 min read