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Tenet launches annuity bureau

Tenet is launching an annuity bureau, running alongside its transfer bureau, and the network says the one-stop shop will save IFAs up to five hours per case.

With only one form to fill out, Tenet says the new system will free up advisers time to focus on marketing and business planning in this untapped sector.

Tenet director of pensions development Stuart Fairbairn says only 31 per cent of clients currently use their statutory right to the open market option, and this presents a real opportunity for IFAs.

Fairbairn says: The at and in retirement market is growing each year and with the opportunities arising out of pensions simplification we believe this service will enable advisers to provide a first rate service to their clients whilst focusing on other business areas.


Out of context

“I have had a coffee and am in rant mode.”- Lifesearch senior technical adviser Kevin Carr.

Investment view

Building a mix of assets is one thing but working out how many asset classes to include is a less easy call, says Brian Tora.


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