Sesame Bankhall has confirmed Barclays has been appointed to review "strategic options" for the group, seemingly confirming industry speculation that parent Friends Life is putting the network up for sale.
Sesame Bankhall group said Barclays Capital has been appointed to review strategic options for the group and the work is at an early stage. The move follows speculation last week from industry insiders that Friends Life is touting for bidders for Sesame Bankhall Group as the insurer continues its broader cost-cutting and restructuring plans. At the time, a Sesame Bankhall spokesman refused to comment on "speculation". However, IFAonline's sister-title Cover confirmed redundancies the previous week among senior management at Friends Life including its strategy and new propositions dire...
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