Sesame demands RDR costs analysis

Chief Executive Ivan Martin says the move to higher professional standards is welcomes, but says it should not be enforced at the expense of consumer access to advice. He believes increased costs faced by advisers, including rising regulatory levies and capital adequacy requirements, will not result in a marked improvement for consumers, and may actually lessen their access to advice. "Sesame has always supported the drive towards higher professional standards, but we must balance this against the cost of the change and the outcome for consumers," he explains. "A headlong rush to high...