View more on these topics

Sesame in talks to acquire Bankhall and PMS

Sesame says it has entered into discussions with Skandia about acquiring Bankhall and PMS.

Chief executive Ivan Martin says under the proposed deal the Bankhall and PMS brands would be retained with the Bankhall brand used to drive forward the group’s support service offering.

Martin would not comment on how much Sesame would be looking to pay for the firms.

Sesame says the combined businesses would create a network of 3,000 ARs, 1,500 directly authorised firms, plus the UK’s largest mortgage distributor, with over £45bn in applications generated in 2008.

Martin says: “Bankhall’s brand has long been synonymous with quality; in any combined business Bankhall would continue to operate with its own staff and distinct propositions.

“At Sesame we believe strongly that networks will benefit from the changes proposed by RDR and we are committed to maintaining and growing our financial adviser and mortgage networks, both of which will continue to operate under the Sesame brand.

“The RDR presents both a major challenge and an opportunity for our profession and the Consultation Paper issued last Thursday makes it clear that significant investment will be required over the next three years.”


FSA in talks with Serious Fraud Office over Keydata

The FSA is in talks with other regulators including the Serious Fraud Office regarding £103m in missing assets and a number of tax irregularities in some of Keydata’s products.


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