A third way: Turning their backs on commission
James Pearcy-Caldwell, co-founder Aisa, explains why he backs fees over commissions and how his evolving network offers a halfway house for advisers working in Europe.
Network
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Zurich to divest 25% stake in Openwork
Zurich Insurance Company will divest its 25% stake in financial services partnership Openwork within the next four years, under an agreement that will see Openwork continue to distribute Zurich product lines in the UK.
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Sesame to shut office ahead of network closure
UK-based advisory network, Sesame, is to shut down one of its offices by the end of the summer and is currently consulting staff as it prepares to close its network for wealth firms.
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Sesame to close advisory network for investment advisers
UK financial services giant, Sesame Bankhall Group, is to sell part of its advisory network in a bid to return the business to profit, despite a 30% reduction in new complaints in the second half of last year.