View more on these topics

Sesame ARs to drop as multi-tie picks up

Sesame says as 1,450 advisers have been recruited into its multi-tie proposition it expect network members to fall as a result.

According to parent Misys’ latest interim results, Sesame is still for sale despite operating profit improving by over 100 per cent to 8m.

Misys says Sesame is still seen as non-core strategically and is embarking on a three to five year turnaround strategy to improve its overall financial position, following last year’s failed takeover bid.

Chief executive Mike Lawrie says: “Sesame, which remains non-core to us strategically, capitalised on favourable market conditions and product demand to perform strongly.

“We are developing a programme for Misys which will clearly set out how
we intend to turn the business around, which I see as a three to five year
process. The goal is to improve our performance across all areas, driving real, sustainable value for customers, employees and shareholders, and letting our stakeholders know what we will hold ourselves accountable for delivering.

“We are initially focusing on four priority areas – our financial roadmap, our development effectiveness; our customer-facing activities and a complete review of our healthcare and core Banking strategic direction.

“It is clear that we have a real opportunity to increase the value we
deliver to all stakeholders and I am truly energised by the opportunity here. I
look forward to beginning to articulate our game plan for Misys in early March.”


Popularity of wrap rises among IFAs

Two-thirds of IFAs are very likely to recommend wraps in the future up from just over 50 per cent a year ago according to a survey by Watson Wyatt.The survey found that IFAs are most likely to consider recommending Skandia, Cofunds and Funds Network wrap platforms to customers.The most commonly cited reasons why advisers think […]

Aviva chief Harvey is retiring early

Aviva group chief executive Richard Harvey is to retire in July, earlier than expected.Harvey led the demutualisation of Norwich Union in 1997 and spearheaded the merger of the company with CGU to create Aviva in 2000.He has been chief executive at Aviva for 10 years and is a former chairman and board member of the […]

New company aims to contest underwriting

A firm which appeals on underwriting decisions from providers on behalf of IFAs is launching and will be providing training for advisers on underwriting practices.Underwriting Solutions charges an admin fee of £30 to IFAs and will take 15 per cent of commission based on the initial premium that was quoted before the loading.The firm has […]


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