View more on these topics

Just who has terminated who?

So, Sesame would have us believe that the exodus of members from their network is, in the main, a result of the network having “terminated” (what a choice of a word, underperforming IFAs.

Personally, I do not know of anyone “terminated&#39 by Sesame for underperformance, whatever Sesame means by that. I do know of more than two dozen who have “terminated” Sesame as a result of poor service and poor value for money and gone elsewhere.

If I were running such a business, I would go away quietly, put my house in order and come back to the market with a sensibly priced, efficient offering that satisfied my customers&#39 needs.

But then, of course, according to a Sesame comment, IFAs are not businesses, so what do I know? Perhaps I will put an ad in the paper: “IFA offers prospective clients mediocre service and high fees – come in and we will give you £7,500 to do business with us (read the small print).”

Nicholas Cane

Cane Cohen

Whitstable, Kent

Recommended

Reid all about it

I have never been one to focus on the number of shopping days to Christmas but I recognise its proximity when it is time for the Money Marketing boat party, the Sofa conference and last but not least the Round Table Christmas collections. This year, a troublesome acquisition led to me missing the boat, and […]

Grey areas in planning

In my last few articles, I have identified, summarised and discussed the implications of some recent and upcoming pension developments. This week, I am moving on to a very recent bit of legislation which will not only have a massive impact on pensions but also on most other aspects of financial planning. The Government has […]

Muddled thinking on making pension provision

I read with interest Richard Gillingham&#39s letter (Money Marketing, November 13) in response to Lorna Bourke&#39s article on pensions. The article referred to calculations carried out by actuaries at Mercer Human Resources which indicated that a pension fund of £180,000 needed to be accumulated by the age of 65 to provide the equivalent to the […]

Isis Equity Partners – Baronsmead VCT 4

Type: Venture capital trust Aim: Growth by investing in unquoted companies in the business services, media, healthcare and IT sectors Minimum investment: Lump sum £1,000 Opening-closing date: November 24, 2003/January 30, 2004Investment split: 80% unquoted companies, 20% fixed-interest securities Charges: Initial 5%, annual 2% Commission: Initial 3% or initial 2%, renewal 0.5% Special offer: Extra […]

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