PosSol and Origen post £1.7m loss

The losses -rounded up to £2m in parent Aegon's accounts - compared to a combined loss of £1m for the first quarter of 2012, and zero earnings for the fourth quarter of last year. Full year accounts for the two distribution arms point to the majority of the losses having been accrued by Origen. In March, Postive Solutions reported profits before tax of £2.3m for last year, wiping out a £0.4m loss in 2011. By comparison Origen posted a loss before tax of £2.9m after a £1.9m provision for a review into advice suitability impacted on the business' bottom line. Overall, Aegon said u...