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IFA network giant Sesame is set to launch an online RDR forum enabling its member firms to share ideas as they prepare for life after 2012.
Sesame Bankhall chief operating officer Stephen Young today outlined his plans to restore IFA support services provider Bankhall to its “former glory”.
Bankhall managing director David Golder has left Sesame Bankhall Group.
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A virtual conference examining what advisers need to do to become RDR compliant is being launched by Sesame Bankhall Group for its members.
Sesame Bankhall Group says it will “invest millions” in 2010 to support its member firms make the transition to be RDR-compliant by 2012.
Sesame Bankhall Group is calling on the FSA to consider a standard factoring scheme.
Banks systematically sell products and the RDR will not change that, Sesame Bankhall executive chairman Ivan Martin says.
The future of Bankhall’s Portavista platform has been thrown into fresh doubt after the support provider announced it would no longer use Capita’s Enabler technology to power it.
All personal investment firms (PIFs) will have to hold capital resources worth three months of their annual fixed expenditure (the EBR), the FSA confirmed today.
The FSA is likely to bow to stakeholder pressure by dropping plans to force firms to hold three months' worth of fixed costs as part of its capital requirements for investment advisers, Professional Adviser understands.
Association of IFAs (AIFA) director general Chris Cummings has pledged to continue the fight for work-based assessments of financial advisers not yet qualified to the required QCF Level 4 standard.
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