Sesame Bankhall Group

Mark Graves, sales director of Sesame Bankhall Group (SBG) has urged mortgage brokers and financial advisers to discuss protection with every customer saying ‘you don't get to choose which customers are getting the value of your knowledge.'

Sesame Bankhall Group (SBG) has reconfigured its management team following a strategic review that led to the demise of its investment advice network earlier in the year.

Sesame Bankhall Group (SBG) has lost almost 60% of its network's member firms in the wake of a decision to kill-off its problem-laden investment advice business.

The proportion of complaints against advisory groups found in favour of the consumer is significantly below the average for the sector, the Financial Ombudsman Service's (FOS's) latest data shows.

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

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.

Sesame Bankhall Group (SBG) has increased its restricted advice proposition with the addition of individual and corporate private medical insurance (PMI) products from Aviva and PruHealth.

Sesame Bankhall Group has announced its executive chairman Ivan Martin is leaving after six years with the group.

Personal Touch will be launching a legal proposition for adviser members, with plans set to get underway in the third quarter of this year.

Sesame Bankhall has confirmed Barclays has been appointed to review "strategic options" for the group, seemingly confirming industry speculation that parent Friends Life is putting the network up for sale.