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Sesame Bankhall reported to have made profit in Q1

Friends Provident revealed in its Q1 2010 results last week that Sesame Bankhall traded profitably during the period.

It says the integration of the Sesame and Bankhall operations is now largely complete, with new opera-ting structures in place. But it has not revealed the profit made by Sesame Bankhall.

Sesame acquired Skandia-owned Bankhall and Premier Mortgage Service in October 2009.

In the UK, Friends Provident’s group pension sales were £66m – down 5% on Q1 2009. Annuity sales, up 37% year-on-year, are the principal driver of its 12% overall sales growth.

Total sales across the group were £178m for Q1 – up 19% on the same period in 2009.


Self-employment up 24% since 2008

Nearly a quarter of self-employed workers have been their own boss for less than two years, according to research on behalf of Kensington. The survey found that 24% of self-employed individuals have been working this way for less than two years. Given that the research also found there are five million self-employed workers in the […]

Peter Stimson Platform

Platform makes senior appointments

Platform has appointed Peter Stimson, former commercial director at Checkmate Mortgages, and John Kilgallon, former head of mortgages at Abbey, to its senior management team.


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