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Aegon has announced Jim Reeve, chief executive of Positive Solutions (PosSol) has left the company to pursue alternative opportunities within the financial services sector.
He will be replaced by Peter Coleman, current commercial director, with immediate effect. Coleman's appointment is subject to regulatory approval.
Coleman joined PosSol in March 2011 as commercial director following his previous role as director of Burns-Anderson.
Coleman’s objectives are to work with PosSol's risk and compliance director James McCourt to complete the national's final preparations for the retail distribution review (RDR) transition and to identify further opportunities to grow the business.
Patrick Gale, executive chairman of distribution at Aegon said: 'I would like to thank Jim for his significant contribution to Positive Solutions over the last four and a half years and I wish him well in his future career.
'Positive Solutions must now focus on delivering profitable growth in the run up to RDR and beyond. Peter and James’s knowledge of the business and their track record make them an ideal team to lead the firm to future success.'
Comments (8)
A big loss.
14:03 on 22 February 2012
A big gain
16:58 on 22 February 2012
A bit late
17:50 on 22 February 2012
Put your sweet lips a little closer to the phone
Let's pretend that we're together all alone
I'll tell the man to turn the juke box way down low
And you can tell your friend there with you he'll have to go
18:07 on 22 February 2012
Obviously the frustration of dealing with a rudderless dinosaur of a company like Aegon became too much. Aegon have lost £100m plus on buying the wrong bit of PS.
Given the huge fall in PS Partner numbers (down to under 1,000 from 1,700 in 3 years) I could see PS becoming a multi-tie and Origen the IFA arm.
20:17 on 22 February 2012
Scottish Widows employ - Aegon / Scottish Equitable to calculate the cash equivalent calculations, for the in house Scottish Widows employees in the - Scottish Widows Retirement Benefits Salary Scheme (SWRBS ) - to assist the negligent Management Trustees of Scottish Widows to " manpulate the figures in their favour ", to the financial detriment of scheme benenficiaries. Such manipulation permits the Scottish Widows Trustees to give more Pension benenfits to Directors e.h Mikd DRoss CEO and actuary Charles Thompson etc., etc., I wonder who will take over Jim Reeves position in the Scottish Widows outsourced calculations ?
05:25 on 23 February 2012
WELCOME TO MY POSITIVE SOLUTION
WON'T YOU COME ON IN
MIRACLES I GUESS
STILL HAPPEN NOW THAT I AM GONE
STEP INTO MY JOB
LEAVE YOUR INDEPENDENCE BEHIND
WELCOME TO A TIED FUTURE
BUILT WITH RDR IN MIND
KNOCK AND THE DOOR WILL SHUT BEHIND
SEEK AND YOU WILL FIND YOUR INDEPENDENCE LEFT BEHIND
ASK AND YOU WILL BE GIVEN
THE KEY TO THIS PRISON OF MINE
WELCOME TO MY WORLD
11:41 on 27 February 2012
And Aegon say PS & Origen is not for sale and that now they will step back and let the company govern itself more - so thereby lies the problem. I said it would come to light.
11:56 on 03 March 2012
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