Sesame Bankhall Group has announced the initial product providers for its restricted advice arm.
The proposition will launch in Q3 and will include Aegon, Aviva, Friends Life, LV=, Partnership, Prudential, PruProtect and Zurich. The firm says a few more names are likely to be added to this list which covers investment, pensions, protection and at retirement.
Sesame chief executive George Higginson (pictured) says: “We are committed to promoting and supporting professional financial advice and offering our customers choice. Our restricted advice proposition is a brand new technology-driven service that has been designed with valuable adviser input for the new regulatory world.
“With PI insurance and regulatory fees also under pressure, we are providing greater certainty and security for firms by including these costs as part of the service. SBG is extending its range of options so that advisers can choose to do business in the way that is most suitable for their clients and their firm.”