Sesame Bankhall to offer restricted advice service

The group is developing a fee-based proposition that will run alongside its retirement referral arm Gateway. It will cater for consumers with retirement funds of £30,000 or less, for whom the cost of using an IFA "may outweigh the benefits of the advice". Consumers will pay a small fee in return for straightforward financial guidance based on their answers to a simple, online questionnaire. Although its development is at an early stage, Sesame Bankhall hopes to have the service up and running by 2013. Group chief operating officer Stephen Young says: "For clients with pension fu...