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Sesame set for Bankhall and PMS deal.
July 2, 2009... Sesame is in talks with Skandia over the potential acquisition of Bankhall and PMS. Chairman Ivan Martin says, under the proposals, the Bankhall and PMS brands would be retained, with Bankhall used to drive forward the support service offering. He would not comment on the offer price...

Bank paper to feature restricted rules.
July 2, 2009... The Treasury's White Paper on banking reform is expected to contain some form of product regulation that will tie in with restricted advice. Royal London head of corporate affairs Gareth Evans says he expects the paper, due out this month, to contain a lot of read-across from the RDR...

Turner focuses on effectiveness.
July 2, 2009... FSA chairman Lord Adair Turner has dismissed reports of a rift between himself and Bank of England governor Mervyn King. At the annual international banking conference at Merchant Taylor's Hall in London this week, Turner admitted there needs to be debate over the framework of the...

NEWS IN BRIEF: Revenue bank code to cut tax loss.(Brief article)
July 2, 2009... HM Revenue & Customs has launched a consultation paper into a code of practice on tax for banks. The code hopes to minimise tax avoidance, since big businesses such as banks will have a clear understanding of expected behaviour from tax authorities. Copyright: Centaur Communications...

NEWS IN BRIEF: Johnson is new chief at Paymentshield.(Brief article)
July 2, 2009... Paymentshield has appointed Tim Johnson as its new chief executive. He replaces Stuart Pender, who becomes non-executive chairman. Andy Halstead, formerly of Erinaceous Insurance Services, will be sales and marketing director. Copyright: Centaur Communications Ltd. and licensors

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