Sesame confirms it will drop IFA mandate and go restricted

The move is in response to what Sesame Bankhall group chief executive George Higginson (pictured)  calls the Financial Conduct Authority's (FCA) "tougher and more intrusive regulatory approach", as well as the watchdog's ongoing thematic review into how firms have implemented the Retail Distribution Review (RDR). It also follows feedback Sesame said it has had from advisers, who said they are looking for a whole of market proposition based on what they used to have pre-RDR. It would see the launch of a new adviser proposition, Sesame said, alongside its current panel proposition. H...