View more on these topics

Ex-Sesame director Nick Kelly to launch national

Nick Kelly

Former Sesame distribution director Nick Kelly is launching a new national proposition.

Alexander House Financial Services will launch in July and aims to offer face-to-face advice, online advice and telephone-based advice.

Kelly left Sesame in November amid a reshuffle of the network’s executive team.

He is joined at Alexander House by chief operating officer Jane Hodges, IT director Rod Reed and commercial director Christian Kumar.

Hodges and Reed have both joined from IT consultancy Total Plus.

Former 1st Exchange managing director David Child will be non-executive chairman.

The Alexander House telephone-based service will initially offer only annuity and protection products.

The firm says it is too early to say how many advisers it will have at launch but aims to have 200 within the first two years.

The firm will offer clients a portal to review their own investments and access self-service facilities and web-based advice.

It adds it will monitor its advice process using a mixture of recording all client meetings and mystery shopping.

Kelly says: “Advisory firms are operating in a market where consumers are less trusting and increasingly predisposed to self-service, whilst our new regulator will be demanding the highest possible standards.

“In our view we are creating a new, scalable and innovative business model.”


FCA: Legacy payment ban will improve competition

The FCA says the move to ban legacy payments from April 2016 is designed to improve competition between platforms. Speaking to Money Marketing following the publication of its platform policy statement, FCA head of investment policy David Geale said making charges explicit would make it easier for clients to compare platforms. Geale said: “We want […]

FCA to ban all legacy fund manager-platform payments from 2016

All legacy payments on past business between fund managers and platforms will be banned from 2016. The Financial Conduct Authority’s platform policy statement, published last week, says a sunset clause of two years will be applied from 6 April 2014 to allow platforms to make the required changes to their business models. The statement confirms […]

L&G doubles workplace pension sales to £202m

Legal and General more than doubled its workplace pensions sales in the first quarter of 2013 to £202m, compared to £94m in the same period in 2012. L&G’s Q1 results show the insurer processed over 120,000 auto enrolments in the period taking its workplace platform assets to £6.9bn. It adds it is expecting to add […]

Five face charges in £125m film scheme tax fraud

The Crown Prosecution Service has announced it is to prosecute five men in relation to a £125m film tax avoidance scheme. Following an investigation by HM Revenue & Customs, CPS deputy head of fraud Andrew Penhale today confirmed charges have been authorised against Keith Hayley, Robert Bevan, Charles Savill, Cyril Megret and Norman Leighton. It […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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