TITLE

Sesame and SimplyBiz in factoring vow if FSA blocks up-front cash

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
September 2009
SOURCE
Money Marketing;9/17/2009, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that a form of factoring will be offered by Sesame and SimplyBiz to their financial advisers in Great Britain. It indicates that the factoring service will be carried out if the Financial Services Authority (FSA) denies the approval of up-front payments from product providers who are under the retail distribution review. It states that sales and marketing director of Sesame Steve Young has convinced the FSA to reconsider its proposed ban of up-front payments from providers.
ACCESSION #
44677965

 

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