PosSol partners hit by charges increase

The biggest increase will hit those bringing in less than £50,000. From 1 July, the Aegon-owned national IFA will retain 35% of that income, up from 30% year ago. Partners earning between £50,000 and £70,000 will be charged 27%, up 2% from last year, while those earning between £70,000 and £90,000 will also see a 2% increase, to 22%. Higher earners will also be affected. Previously, partners earning above £155,000 were not charged at all by Positive Solutions, but now earnings between £90,000 and £175,000 will be charged at 6%, while earnings above £175,000 will be charged at 1%. T...