View more on these topics

Sesame to close Cheltenham office

Business-Corporate-Commuters-People-700x450.jpg

Sesame is closing its Cheltenham office and consulting with staff as it prepares to shut its network for investment advisers.

Sesame will keep open its remaining offices in Altrincham, Birmingham and Huddersfield.

The business says that 30 staff are based in Cheltenham and are currently in consultation.

Sesame announced in March plans to close its investment network following a strategic review.

Appointed representatives have until 31 July to choose between moving to Sesame’s preferred partner Intrinsic, becoming directly authorised as part of Bankhall or leaving altogether.

A Sesame spokeswoman says: “As part of the update we provided to staff in April on the strategic review, our proposed organisational changes included a reduction in our UK offices from four to three, with the closure of our Cheltenham office by August.

“Around 30 people are currently based at that location and we are in consultations with staff regarding the impact on their roles. This includes exploring alternative working options for a number of roles, such as home working and re-location.”

Recommended

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg
11

Hargreaves Lansdown unveils flat-fee retirement planning service

Hargreaves Lansdown has launched a new low-cost retirement planning service in response to the pension freedoms. The firm is offering a flat fee service for £395, which covers an hour with an adviser as well as a report on key issues for the investor to cover. It also includes a cashflow projection to show how […]

Phil-Young-700x450.jpg
8

Phil Young: Rewriting the rulebook on attitude to risk

Born-again-Keynesian Martin Wolf recently posed the question “is there any point in saving?” to a surprised audience, which included me. The evidence he presented was not that surprising: unless an investor is prepared to accept a reasonable level of risk to capital, there is no real rate of return to be found. This means investing […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment