Sesame Bankhall calls for industry-wide factoring scheme

In its response to last week's RDR consultation paper, the newly-formed adviser giant urges the FSA to consult the OFT on the benefits to consumers of allowing an industry-wide factoring facility. As part of the FSA's proposals for adviser charging, providers would no longer be able to offer factoring services. It says the move is necessary as part of attempts to extinguish provider bias Critics maintain this could have a hugely detrimental impact on regular premium business. "We agree any discussion over remuneration should be between the adviser and their client, but this should...