View more on these topics

Top protection cash offer as Sesame signs four for panel

Sesame will offer higher commission to intermediaries who sign up to its new four-member protection multi-tie panel to be unveiled next week.

The company says the Protection Select Plus panel will offer the highest commission rates available in the market through providers Friends Provident, Norwich Union, Legal & General and Abbey.

The new panel is available to Sesame members at no extra cost although intermediaries will have to decide whether to sign up to Protection Select Plus or the wider Protection Select range.

Sesame says the offering is open to all members but particularly complements its drive into the mortgage market and may be attractive to mortgage-only advisers who want to join the network.

It has been increasingly targeting the mortgage market in the run-up to full regulation of the sector in October 2004 and is understood to have its regulated operation ready to run.

Commercial director Martin Davis says: “Protection Select Plus will offer higher commission rates – we think the highest available on the market. This offering will be attractive to those intermediaries who are writing a lot of business and that is likely to include a lot of mortgage advisers.”

Friends Provident director of IFA operations Simon Clamp says: “Competition in the market will still exist between those major providers on the panel. Sesame wanted panel members with good products and service offering and the ability to deliver efficiencies through electronic trading.”

Master Adviser managing director Doug Brodie says: “This demonstrates one of the key benefits of working with Sesame, which is the strength of their bargaining power. The providers they choose will still strive to be the cheapest.”


Forsyth Partners – Forsyth United Kingdom Fund

Type: Oeic fund of funds Aim: Growth by investing in open-ended UK equity funds Minimum investment: Lump sum £5,000 Investment split: 100% open-ended UK equity funds Place of registration: Dublin Charges: Initial 1%, annual 2% Commission: Subject to negotiation Tel: 020 8649 9440

Rice to run new Cazenove offshore Euro equity fund

Cazenove Fund Management is offering an offshore European equity fund managed by former HSBC Asset Management star Chris Rice. Cazenove restructured its pan-European team at the end of 2002 and swooped for five HSBC managers, including Rice and Tim Russell, who have worked together since 1998. Rice&#39s performance at HSBC saw its European growth fund […]

Govett funds to be merged into Gartmore

Gartmore is proposing to merge the majority of Gartmore Govett funds into Gartmore UK retail funds after its acquisition of the fund manager from Allied Irish Banks last November. Gartmore head of UK retail Paul Feeney says: “Since the acquisition last year we have been clear about our intentions to merge a number of the […]

Luqman Arnold joins practitioner panel

Abbey chief executive Luqman Arnold is joining the Financial Services Practitioner Panel. Dresdner Klienwort Wasserstein vice chairman Alan Yarrow will also join. The panel represents the industry and ensures that the FSA takes account of the views and concerns of regulated firms in the development of regulatory policy and in its operation generally.

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment