Friends Provident snaps up IFA firm

Friends Provident today acquired independent financial adviser (IFA) network Sesame as part of a roll-out of its UK financial intermediary interests.

Friends Provident snaps up IFA firm
Tue, 15 May, 2007 - 15:08

Friends Provident today acquired independent financial adviser (IFA) network Sesame as part of a roll-out of its UK financial intermediary interests.

The deal will see parent company Misys, a software company, sell Sesame to the life and pensions firm for an initial £75m (€109.4m), plus liabilities.

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