View more on these topics

Sesame deal for directly regulated advisers

Sesame is offering directly regulated advisers a menu of flexible services for its mortgage and protection proposition.

The proposition includes low fixed-fee pricing with no deductions from procuration fees or commission rates and access to the highest mortgage procuration fees available from all lenders in the open market.

Procuration fees are paid directly to the adviser rather than processed by the network.

There is a choice of protection solutions, with either a whole of market option or a panel of 12 insurers offering market-leading commission levels.

Online compliance assistance includes guidance on IFA rules, training and competence plans, sample procedures and documentation. Comprehensive face-to-face compliance visits will be carried out after regulation comes in.

The proposition also offers access to low-cost professional indemnity cover and discounts on mortgage sourcing software from Mortgage Brain and Trigold. Business development and training support includes workshops and MAQ/Cemap training.

Sesame commercial director Martin Davis says the menu approach will help directly-regulated advisers adapt their business to mortgage and pure protection regulation.

He says: “Our low fixed fees and ability to negotiate the best procuration fees and comm-ission rates means we can offer a compelling proposition for advisers.”


&#39Industry has final chance to woo back the public&#39

The industry has one last chance to bring consumers back into the fold after failing to serve their needs, warns a report by business thinktank Tomorrow&#39s Company. The report, Restoring trust – investment in the 21st Century, is the result of two years&#39 consultation among more than 500 practitioners and investment groups representing all parts […]

Newcastle launches 10-year fix

Newcastle Building Society has launched a 10-year fixed rate mortgage at 5.99 per cent, with an annual penalty-free option to redeem. The long term fixed rate aims to provide borrowers with security against potential rate rises while giving the option to move should circumstances change. Customers can redeem for free in December 2005 and then […]

MI&#39s Laker warns brokers on networks&#39 free PI deals

Mortgage Intelligence managing director Sally Laker has cautioned brokers to be aware of offers of free PI insurance by networks, saying high excesses will still leave brokers out of pocket. Laker says the small print of some offers states an excess of £10,000 while most PI claims for mortgages are only for around £5,000 to […]

High street says cap rise is enough to generate profit

High-street finanical firms have backed the Treasury&#39s move to increase the charge cap and say 1.5 per cent will be enough for efficient providers to generate a profit. Nationwide executive director Stuart Bernau says: “Nationwide believes that a 1.5 per cent price cap is adequate for efficient providers to sell simple investment products profitably. We […]


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