Tenet has given a long-term commitment that its IFA networks will not be merged into a single uniform body.
As part of an overhaul of its corporate branding Tenet is reaffirming its commitment to its M&E and Interdependence networks and says members of both bodies need not fear being forced into a different organisation with new business procedures.
Tenet says its members do not want it to follow the industrywide trend of grouping companies under a single umbrella organisation.
It says that an increased level of benefits will be communicated to members through new-look websites and revamped marketing material and brochures.
Tenet says its M&E brand will focus on the support provided by the network whereas the Interdependence brand will focus on its “support, not rules” philosophy. M&E and Interdependence members will be able to place mortgage and general insurance through Tenet's Lime non-regulated operation in the run-up to M-Day.
Tenet Group is the biggest independently owned UK IFA group and has over 2,500 IFAs operating through its two networks, its Lime non-regulated comp-any and its IFA Professional bespoke support service for directly regulated IFAs.
Tenet director of marketing & communications Alison Dootson says: “Advisers choose a specific network according to the needs of their business and, at a time when the rest of the industry is consolidating its companies under one roof, we respect members' decisions to retain their independence which is reflected in the new branding.”