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1. Fos report is a dollop of gruel for advisers

Cold porridge and cold comfort have a lot in common: such meagre offerings do not come close to being satisfying.

Tags: Ken Davy, FOS
By Ken Davy

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"I left Sesame December 31st 2010 and took up Direct Registration with FSA. My Compliance is now handled by SimplyBiz.

"Firstly, you need to understand that Sesame may not tell you the truth with regard to 'the world outside Sesame' - I would suggest to you that you should believe nothing. If you leave they lose a stream of revenue. They may tell you that the FSA will be making it harder for small businesses operating outside the sphere of the network. Do not believe them.

"What are the advantages of direct authorisation? I'm no longer being treated as lowest common denominator. I have scope to use wider range of research tools. I've seen a twofold plus increase in my written business (it is growing annually.) I receive top class support services, positive meetings for members and have a more positive attitude to business.

"My advice to advisers at the time (the ones I came into contact with anyway) was to exit Sesame at the earliest opportunity and this advice remains still."

Colin Palmer
Colin Palmer Financial Services

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Tom Hegarty and Ian McKenna confirmed to speak at PA360

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"Waving the flag for the future of financial advice'

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SimplyBiz Mortgages adds Masthaven to panel

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