Sesame: Other firms use ‘pay-to-play' schemes too
Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.
The Financial Conduct Authority (FCA) found Sesame had set up what it termed a ‘pay-to-play' scheme. That meant the range of products recommended to Sesame clients under its restricted advice service...
More on Regulation
Apricity launches 'Going It Alone' service for adviser start-ups
'Advisers concerned about FCA applications'
RBS to pay first dividend since financial crisis
2p per ordinary share
Tribunal upholds TailorMade CEO ban; Cuts fine to £60k
FSCS paid out £55.6m
FCA proposes basic savings rate for cash accounts
Option for basic savings rate
Chris Davies: Was FCA's platform 'probe' really worth the wait?
No imminent price war evident
More news
In the Know: Diamonds in the (Bo)rough
Taking the time to look
Three graduates kick off financial planning career with Bury firm
After 14-month FAS programme
Third of over-55s spend longer picking a car than planning retirement
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Quilter's advice school rebrands and begins level 6 Chartered course
Rebranded from OMW
Hargreaves Lansdown to make first switch to sub-advised mandates on MM range
Number of benefits