Sesame Direct has been appointed to provide support services to the 800 mortgage and protection advisers of net-work Blue Pearl UK ahead of its move towards FSA authorisation.
Blue Pearl, established in 1999, says it chose Sesame principally on the basis of its compliance team of 300 which provides face-to-face and online assistance in areas including FSA rules, training and competence plans and documentation.
The support will centre on Blue Pearl's protection proposition and its mortgage brokers, who will be providing whole-of-market access for homebuyers.
Sesame has recently launched a menu of flexible services for directly regulated mortgage and protection intermediaries which offers low fixed-fee pricing with no deductions from procuration fees or commission rates.
Blue Pearl says the menu, which also gives access to the highest procuration fees in the open market, played a major factor in its decision to appoint Sesame.
The network, originally a broker tied to Scottish Amic-able, expects to gain FSA authorisation in coming weeks.
Blue Pearl managing director Richard Richmond says: “The support of Sesame combined with our strong net-work proposition will, we believe, prove to be a formidable offering for directly regulated mortgage brokers and advisers.”
Sesame commercial director Martin Davis says: “This deal demonstrates our commitment to offering quality and choice, with a range of valuable support services for companies to choose from as they plan their route to regulation.”