View more on these topics

4,500 advisers sign up for Sesame loan and insurance arm

Sesame has 4,500 advisers signed up to its mortgage and general insurance arm ahead of industry regulation on October 31.

The company was aiming for 5,000 advisers ahead of M-Day but says it is more than happy with the take-up so far, with two months to go.

The majority of the adv-isers were already Ses-ame members while many previously used mortgage clubs.

The network says these members will now place their business through Sesame to take advantage of enhanced lender procuration fees.

Sesame product manager for mortgages Andy Young believes size will be crucial for major players in the mortgage market going forward and will drive the best procuration fees, service standards and mortgage schemes for members.

Sesame announcement follows rival Bankhall&#39s deal for 7,000 broker members through the purchase of Norwich Union&#39s mortgage club to add to its own and Prudential&#39s mortgage club.

Young says: &#39Mortgage companies are going to need size and scale to drive their businesses after regulation.

“This is a huge opp-ortunity for us to grow here. We are best placed with the lenders and will continue stealing market share.”

Recommended

Short-sighted view

While by no means a big supporter of endowments, nor wishing to cross swords particularly with Philip Milton (Money Marketing, August 5), I do have a problem with a non-committal approach to financial planning (the “Why sign up for a 25-year product if…” argument). None of us knows where we will be short term, let […]

Out of context

• “It&#39s very exciting sitting beside a rock star, breathing the same air as him. Sometimes I even swap cups so I can drink from his.” – Very excited Lansons PR discusses rock star Richard Winder. •”He&#39s already so huge, I reckon he&#39ll be driving by the age of one.” – Birmingham Midshires PR Matt […]

Clerical Medical – Income Fund

Type: Oeic Aim: Income and growth by investing in corporate bonds and cash Minimum investment: Lump sum £10,000, monthly £400, Isa lump sum £3,000, monthly £200 Investment split: 97% corporate bonds, 3% cash Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1% Commission: Initial 3%, 0.5% renewal, Isa/Pep transfers initial 0.5%, renewal 0.5% […]

Money Marketing holds Sway

Investment conference organiser Sway has appointed Money Marketing and sister Centaur Communications publication Fund Strategy in place of its previous media partner, Financial Times Business. Sway has also appointed three new members to its conference division. Chris Wade joins as head of media, Beatrice Hammill as event management support and Lulu Keyzar as head of […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com