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Positive Solutions in record month
21 May, 2008
Positive Solutions has reported strong new business figures for the opening months of 2008, topped off by a record sales performance in April.
Gross commission and fees from sales reached £11.3 million in April, the highest ever monthly figure. Total new business turnover in the first four months of 2008 was £37.6 million, comfortably above the level recorded in the same period last year.
“Despite tough trading conditions across the UK market, we have made an excellent start to the year, with our partners delivering the most productive month in our history,” said chief executive Jim Reeve.
In the mortgage market, despite the exceptionally difficult market environment, mortgage and mortgage-related business was still in excess of 27% of Positive Solutions’ new business in April.
“Although there has been an undersupply of competitive, innovative products in the mortgage market over the last few months, our first ever exclusive under the new Positive Solutions Mortgage Club accounted for an excellent £70m in lending over the six weeks it was available”, said Reeve.
He said 49 advisers had joined Positive Solutions so far in 2008, half of them from a directly authorised environment.