PosSol pilots time tracking tool to ease partners' transition

The online tool, which is being tested among a small number of advisers this month before an anticipated roll-out next year, has been designed to help partners move from a commission to a fee-based remuneration model in time for RDR. It is part of a wider web and paper-based initiative called Evolution which also includes an ‘action plan' module providing a roadmap through the business transition process. Positive Solutions CEO Jim Reeve says the company assessed the methods used by solicitors and accountants to correlate time spent working with clients with charges before putting tog...