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FSA fees set to plunge for IFAs

The FSA is consulting on planned changes to its fee structure that will see minimum fees for IFAs nearly halve from £1,850 to £1,000. Variable fees fall for 56 per cent of advisers and only rise for 1 per cent and there is an easing of levies for firms that operate across fee blocks.

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Sesame to axe up to 100 staff

Sesame Bankhall Group executive chairman Ivan Martin (pictured) has confirmed that up to 100 staff will be made redundant as part of the group’s internal restructure.

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