IFAs turning to networks to see out mortgage slump

A survey of over 200 financial advisers found Sesame, the UK’s largest network, was attracting advisers, while smaller networks were losing out. When asked which network they were part of, the number of advisers belonging to Sesame increased from 24.5% in March to 27.8% in the latest survey and Sesame now has three times the number of brokers as its nearest rival, Open Work, which accounts for 10.3% of those surveyed. The number of networks mentioned by brokers has also fallen, from 32 in March to 24 more recently, which Paragon says is an indicator of consolidation in the market. Parago...