sesame

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.

Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.

Novia has warned its users that basic errors like failing to use a client's full ISA allowance could lead to legal action from increasingly aggressive claims management companies (CMCs).

Sesame, Openwork and Personal Touch saw the number of complaints against them rise in the final half of last year, according to data compiled by the Financial Conduct Authority (FCA).

The scale of financial adviser exits from the industry - largely as a result of changes brought in following the Retail Distribution Review (RDR) - has been underlined by figures suggesting there are some 4,600 fewer advisers today than there were in...

Sesame Bankhall Group (SBG) has added Royal London to its restricted range.

Sesame is to raise its standard fixed fee for the second time in a year following a "multi-million pound" technology investment.

Sesame Limited, the network arm of Sesame Bankhall Group, recorded a loss of £2.5m in 2011.

Advisers have spoken of their frustration at the handling of the administration of Honister Capital.

Sesame is facing an Financial Services Authority (FSA) complaint over allegedly negligent advice given by a member firm.