Origen

Aegon-owned network Origen chief executive Mike Kirsch has stepped down with immediate effect.

Aegon's net income fell 2% in the first half of this year, as higher underlying earnings were offset by losses on hedges due to rising equity markets and volatility - and an £18m loss on the sale of Positive Soltuions.

Network Intrinsic is set to buy national IFA firm Positive Solutions from parent company Aegon.

Origen has sold its small self-administered scheme (SSAS) business to pension provider and consultant Barnett Waddingham.

Retirement Planner's round-up of the top pension stories this week.

Aegon-owned distribution arms Positive Solutions and Origen have posted a combined loss of £1.7m in 2013 Q1 results released today.

Aegon-owned network Origen Financial Services has posted a loss before tax of £2.9m after a £1.9m provision for a review into advice suitability impacted on the businesses bottom line.

Aegon distribution arms Positive Solutions and Origen pared back losses last year to end the period down £2m, an improvement from £6m losses in 2011, due mainly to cost savings.

Origen Financial Services is to launch a restricted advice proposition for the workplace market in the new year.

Combined second-quarter earnings across Aegon's distribution businesses - which include national IFAs Positive Solutions and Origen - were nil, the insurer has reported.