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Release deal for Tenet

Tenet has signed a deal with In Retirement Services to bolster its equity-release offering.

The network has begun a pilot scheme this week, with business introduced to provider IRS, to allow its advisers that do not specialise in equ- ity release to have an avenue to place business through. If successful, it could give all Tenet’s 5,500 advisers access to equity release productsThe network has a panel of equity-release providers but stresses it is only suitable for members who specialise in lifetime mortgages and home-reversion plans.

The move comes after the FSA in July urged firms to refer business if they only dabble in equity release or have no expertise in the sector.

Tenet sales and marketing director Keith Richards says: “This is for IFAs that do not want to give advice. The FSA has given a warning about those that dabble and there are advisers that come across equity-release business and want a solution and this is our offering.”

An IRS spokesman says: “We are delighted to have been appointed and hope more advisers will enter the market.”


Wolanski & Co changes name to Alliance Trust Pensions

Wolanski & Co. Trustees has changed its name to Alliance Trust Pensions Limited.The Sipp and SSAS administrator has this week written to all its adviser contacts and clients – of which 5,000 hold Sipps and 500 have SSASs – to inform them of the name change. The firm says it reflects its move into the […]

Age-old dilemma

Those involved in pensions 15 years ago will have the words Barber and Guardian Royal Exchange etched on their memories. This case centred on a European Court of Justice ruling that it was unlawful to prevent a man from getting his (in this case early retirement) pension at the same age as a woman.

Quay appoints new product manager

Quay Software Solutions has appointed Sally Purcell as product manager.She will be based at the HQ in Bichop’s Stortford and will report to business operations manager Richard Hill. Her role will involve the management of product development, as well as enhancing client service levels. Purcell worked at 1st Software from 1999 until 2005, working initially […]

Sunny side up for Buckley and Covell

Ex-Bankhall duo Mike Buckley and Gordon Covell are set to receive a little more media exposure than they first expected in the coming weeks. The pair, who run the Active Management Group, were spotted at a Soho bar while waiting for a Money Marketing hack by a TV crew filming a dating show. Buckley was […]


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