Sesame unveils 'small' annuity referral service

Advisers can send their annuity business to its retirement referral arm, Gateway Specialist Advice Services, who will consult with the adviser and their client with a view to writing the business on their behalf. The adviser receives an introduction fee, while Gateway takes on full regulatory and professional indemnity responsibility. Sesame Bankhall says the service is designed to cater for the growing small annuity market and provides a solution to the "growing problem" of how advisers cost-effectively service clients with small pension pots.   "Independent advice remains the...