networks

Sesame plans to shut its Financial Adviser School as part of its wider restructuring, it has said in its latest letter to advisers.

Networks face a murky future

Networks don't collect enough money from their advisers to maintain sufficient systems and controls, which means they can only go one way - down, according to the chief executive of IFA network 2plan.

Network Best Practice is to roll out a direct to consumer (D2C) proposition to its advisers allowing them to offer clients access to some self-service options.

Adviser network Financial Ltd is looking for investment to secure the future of the business after pre-tax losses more than doubled in the year ending March 2014, latest results have shown.

Adviser network Financial Ltd has received numerous applications from firms to join since a recruitment ban was lifted late last year, director Brian Galvin has said.

Personal Touch has appointed Jane Cross, formerly finance and IT director, as the network's chief executive officer.

Are advisers being forced to go above and beyond FCA requirements?

Network Sesame has again come out top as the most complained about advice firm, although numbers of cases against it were down, according to the Financial Ombudsman Service's (FOS) half yearly figures published today.

A listed national IFA has joined the Caerus network after deciding the "time was not right" to become directly authorised (DA).