Positive Solutions lost 400 partners in 2010

Scott Sinclair
clock

Aegon-owned national IFA Positive Solutions, which has previously complained of the 'underhand' recruitment tactics used by its rivals, lost about 400 partners in 2010, CEO Jim Reeve says.

Although the business added some 160 partners during the same period, meaning a net loss of 240, Reeve says he "has regrets" over the exits of about 150 individuals. "There are a number of reasons why partners left," he says. "Some left because they chose to, some because they would not have fit into the new Positive Solutions model, some because of the odd misdemeanor. "Some of the actions we have taken in terms of increasing minimum standards and the past business review can also be given as a reason for people leaving." In an internal communication in May, the company urged part...

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

Professional Adviser TV: Industry still 'old fashioned' when it comes to LGBTQ+ inclusivity

Professional Adviser TV: Industry still 'old fashioned' when it comes to LGBTQ+ inclusivity

Financial planners must challenge unconscious bias, Castlefield says

Sahar Nazir
clock 20 June 2025 • 2 min read
Restricted and independent: Why the language of advice must move with the times

Restricted and independent: Why the language of advice must move with the times

'These labels matter because they influence how people view advice'

Roger Brosch
clock 20 June 2025 • 3 min read
PA Asks: What song would the current advice landscape be?

PA Asks: What song would the current advice landscape be?

Plus targeted support hopes, geopolitical tensions and PFS membership

Professional Adviser
clock 20 June 2025 • 1 min read