PosSol posts a profit after cost-cuts

The national IFA has lost £10m over the last three years but said it had posted positive numbers for Q4 2011 and the first quarter of this year. It said it still expected to report a small annual loss for full-year 2011. Peter Coleman (pictured), who replaced Jim Reeve as Positive Solutions chief executive in February, said cost-cutting measures which led to a 25% reduction in non-customer facing roles at the company, had helped it return to profit. Meanwhile, Positive Solutions is set to establish a three-member platform panel for its advisers. Aegon Retirement Choices (ARC), t...