Financial adviser Origen, part of Edinburgh-based Aegon UK, has reported a £3.5 million pre-tax loss for 2011 after conducting an internal review of its systems and controls.
The loss comes as Aegon battles to turn around its distribution division, which also includes the Positive Solutions network.
Aegon has said Positive Solutions and Origen are not for sale, despite the two businesses posting combined losses of more than £25m since 2009.
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