Sesame to cover fees and trail commission for advisers joining Bankhall

Sesame announced at the end of March it is to close down its network for investment advisers as part of a strategic review into the struggling company. The network normally freezes firms' commission accounts for three months when they exit but said it will offer uninterrupted income to those opting to become directly authorised within sister company Bankhall or join its 'preferred partner'. Sesame has not yet disclosed which network is its 'preferred partner' but it is widely understood to be Intrinsic. It will also cover the Financial Services Compensation Scheme (FSCS) interim le...