Sesame, Pantheon profits dip £6m in 2009

Scott Sinclair
clock

Profits at Sesame Bankhall Group and Pantheon Financial, Friends Provident's UK distribution businesses, fell by £6m last year compared with 2008.

Operating profits across the businesses totaled £4m against £10m in 2008, Friends announced today. It says trading conditions for its distribution businesses "remained challenging" in 2009 while the 2008 results benefitted from some one-off items. Nathan Moss, interim UK managing director of Sesame's parent company, Friends Provident, says the fall in profits is largely due to the Bankhall acquisition. "The fall in profits is largely presentation and reflects the acquisition of Bankhall last year.  Business was ahead of expectations in a tough trading environment and only marginal...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read