Friends Life enters retirement advice contract with Foster Denovo

The provider will refer all clients to the advice firm who request financial advice but don't already have an existing relationship with a financial adviser. The news comes days after Friends Life-owned adviser network Sesame announced it was to shut down its investment advice operations. It said it will give advisers affected the option to become directly authorised under the Bankhall brand. The Friends-Foster Denovo agreement is to support consumers struggling to make retirement choices under new pension freedom rules, which will allow them to access their pots in any way they pl...