View more on these topics

Tenet in long-term pledge to keep IFA networks separate

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&#39s 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&#39 decisions to retain their independence which is reflected in the new branding.”

Recommended

Warning that high earners with Uurbs face IHT charge

The estates of high earners with unfunded company pension arrangements could be hit by an inheritance tax charge on their arrangements, says Watson Wyatt. The company says that, as it is written, the Finance Bill will remove the inheritance tax advantages of unfunded unapproved retirement benefit schemes, leaving the estates of some senior executives who […]

Independent view

The Labour Government in its second term in office is truly showing its colours now with its attacks on tax avoidance. A whole series of measures have been introduced to crack down on tax avoidance, inc-luding very short time limits for scheme creators or advi-sers notifying the Revenue – five days, and swingeing penalties for […]

&#39Provider stakes in IFAs cast doubt on independence&#39

Product provider investment in IFAs calls into question the independence of the advisory firm, according to Standard Life group chief executive Sandy Crombie, who says Standard would never consider such a move. Speaking to Money Marketing this week, Crombie said that product provider investment – common in recent years as manufacturers and distributors have tried […]

Management buyout at Key Retirement Solutions

Specialist equity release IFA Key Retirement Solutions has announced a management buyout from Chesnara, formerly part of Countrywide Assured. The board of directors comprises four members of the existing management team who have invested private equity in the company, managing director Colin Taylor, business development director Dean Mirfin, operations director Paul Wilson, and sales director […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment