sesame

Sesame customers and members should experience stability and continuity over the coming years thanks to today's deal between the management and Misys, says the firm's chief executive Patrick Gale.

Misys has announced a deal has been reached which effectively moves Sesame, the IFA servicing arm, one step closer to a management buyout.

Sesame has create an online treating customers fairly evaluation tool to help advisers adhere to the Financial Services Authority's principles.

Winterthur Life is to increase support for advisers by appointing a new national accounts manager from Sesame

Small directly authorised mortgage firms need more support from the Financial Services Authority and other large players to stop them falling short of the desired regulatory outcomes, says Sesame.

Over the last six months revenue at Sesame has risen by 3% on a year-by-year comparison, increasing speculation Misys may again be looking for a buyer for the company.

Sesame failed to get back into profit again in its last financial year and was forced to spend almost £16m on endowment mis-selling complaints.

Wraps have become the concept every investment intermediary is desperate to understand, as the evidence overseas is they have transformed administration, profitability and client servicing.

Sesame has slashed its packager panel from 53 to 17 stating that it has found it difficult to maintain its relationships with all of its packagers since the onset of mortgage regulation.

The latest IFA barometer from Sesame reveals advisers believe the 'revolving door' of ministers at the Department for Work and Pensions (DWP) is adding to the problems in the pensions market.