Sesame offers members interest-free FSCS levy loan

Although the firm already has 12-month instalment options to help members with various fees and levies, the magnitude of the recent interim levy has put further pressure on many businesses. A £35 charge exists for the plan and members are currently being sent letters with more details about it. Nick Kelly, managing director of distribution at Sesame, says: "The substantial additional FSCS levy is a body blow to advisers, given the economic and regulatory pressure that firms are already under right now. "The fact that the FSCS is demanding the levy is paid within 30 days is further ...