Sesame: Questions raised over Bankhall deal offered to ARs

Sesame Bankhall Group announced in March it is closing its network proposition for pension and investment advisers following a strategic review. Appointed representatives (ARs) of the group were told they could drop their investment permissions, become directly authorised (DA) with Bankhall, transfer to 'preferred partner' network Intrinsic, or go their own way. Sesame pledged 'preferential' terms for firms opting to join Bankhall or Intrinsic, including maintaining their income streams while they moved. However, concerns have been raised over the terms of the contracts on offer fr...