I read with interest a story on IFAonline.co.uk and the comments that followed about Sesame doubling their case checking rates.
The network giant now checks on average more than double the amount of new business compared to a year ago, as it adapts to a more intensive regulatory environment. The Friends Provident-owned company used to check about 15% of business written by its member firms but now reviews as much as 40%. Higher-risk cases, such as pension transfers, are checked more often. The increase in case checking should not be a surprise in the current environment, as we move into an ever more intrusive world of regulation. The most high profile example of FSA censure in recent times was perhaps Park ...
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