Intrinsic poised to buy Positive Solutions from Aegon

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

Once the deal is completed Intrinsic will become the shareholder of Positive Solutions, whilst Aegon will acquire an equity stake in Intrinsic as part of the transaction. The Positive Solutions brand will remain and its senior management team will continue to run the business. The transaction is expected to close in Q3 2013. Aegon bought a 60% stake in Positive Solutions in 2002, and purchased the remaining 40% in 2005. The national IFA is currently a key part of the life company's distribution network, which also includes Origen and a 20% stake in network Tenet. Positive Sol...