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Tenet launches internship programme to help 150 unemployed graduates


Tenet is launching a pre-employment and internship programme aimed at helping 150 unemployed graduates find paid internships in financial services.

Together with the Financial Skills Partnership, Tenet is offering training facilities and supplying qualified trainers to participants in the 10-week Graduate Foundation College scheme. Graduates will become trained to RO1 standard.

Tenet group distribution and development director Keith Richards says: “Tenet is proud to be supporting this programme from the outset. It is a very positive move, particularly given the impact of RDR and challenge of bringing new blood into the industry.

“This fast-track solution significantly shortens the graduate recruitment process for adviser firms and provides them with candidates who are already RO1 qualified.”

The RO1 series begins on 16 October in Birmingham, Cardiff, Edinburgh, Leeds, London and Manchester.


GHC Capital Markets launches paraplanning service

Investment management firm GHC Capital Markets has launched an in-house paraplanning service. The paraplanning service will work with financial planners and advisers to produce suitability reports, research to support adviser recommendations, and financial plans including lifetime cash flow forecasts. GHC Paraplanning can be used alongside the company’s investment management propositions or as a standalone service. […]


PosSol cuts losses to £100k for 2011

Positive Solutions has posted pre-tax losses of £106,000 for 2011, a large reduction on the £1.6m loss reported for 2010. The Aegon-owned firm also made £2.2m of complaints provision, compared to £638,000 the previous year. Assets held from partners for any potential liability caused increased from £436,000 to £2.1m. The salary of the highest paid […]


Industry backs FSA over DFM payments ban

Discretionary fund managers, advisers and platforms have backed the FSA’s plans to ban DFM referral payments to advisers, saying it reflects a shift away from the “backhander” deals of the past. The FSA published its quarterly consultation paper last week proposing a rule banning DFM referral payments for clients referred after 31 December. Existing referral […]


VAT confusion over ongoing advice ‘grey area’

Advisers are still without clarity on the “grey area” of whether to charge VAT on ongoing advice services with less than three months until the RDR. HM Revenue & Customs’ final RDR VAT guidance, published in March, set out a six stage advice process beginning at the fact-find and ending with the arrangement of a […]


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