Sesame in talks to buy Bankhall and PMS

It says a successful deal would create the largest appointed representative (AR) network in the UK with more than 3,000 individual advisers and the largest directly-regulated service business, supporting more than 1,500 firms. It adds it would also create the largest mortgage distributor with over £45bn in applications generated in 2008. Bankhall will retain its brand and existing staff. "Bankhall's brand has long been synonymous with quality," Sesame executive chairman Ivan Martin says. He adds mounting speculation over the last week, including that loss-making support services pr...