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Sesame: Other firms use ‘pay-to-play' schemes too

Mortgage Solutions | 31 Oct 2014 | 10:44

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

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Sesame angers advisers with past advice crackdown after £6m fine

Mortgage Solutions | 31 Oct 2014 | 10:38

Past and present appointed representatives (ARs) of Sesame have expressed their anger at being told advice previously passed by the network as suitable has now been deemed wrong in a widespread review following a £6m fine from the regulator.

FCA fines Sesame £1.6m for ‘pay-to-play' arrangements

Mortgage Solutions | 30 Oct 2014 | 13:03

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme.

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Editorial comment

Analysis: It's crunch time for networks

Martin Davis, the Openwork chief executive who will take over as CEO at Cofunds in the summer, explains why he believes the FSA was right to highlight network weaknesses...

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The British New Homes Mortgage Senate - video round up

Mortgage Solutions | 30 Oct 2014 | screening image

Launched by the publishers of Mortgage Solutions, the second British New Homes Mortgage Senate brought builders brokers and mortgage lenders together to examine the critical issues facing the new-build sector.

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HMRC revealed this week it paid out £400,000 in 2013 to tax-dodger informants. Payments of between £50 and £1,000 are reserved for whistle blowers with tip offs that lead to a sizeable pay out. Have you or would you ever inform on a tax dodger to HMRC?

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