Sesame Bankhall reveals restricted panel providers

The list is not definitive and a few more providers are likely to be added by the time the proposition is launched in Q3 2012, Sesame Bankhall said.

George Higginson, chief executive of Sesame, said: “We are committed to promoting and supporting professional financial advice and offering our customers choice.

“Our restricted advice proposition is a brand new technology-driven service that has been designed with valuable adviser input for the new regulatory world.

“With PI insurance and regulatory fees also under pressure, we are providing greater certainty and security for firms by including these costs as part of the service.

“SBG is extending its range of options so that advisers can choose to do business in the way that is most suitable for their clients and their firm.”

Following the announcement, Duncan Jarrett, sales director at Aegon, said: “Strong partnerships with quality advisory businesses both independent and restricted will be key to our continued success.

“In addition to our strong relationship with Sesame Bankhall Group’s independent advisers, we’re delighted to be one of the first providers to have secured a place on their newly formed restricted proposition.”