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Tenet makes finance director and financial planning head redundant

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Tenet has made finance director Mark Youngman and head of financial planning services Jackie Ison redundant.

A note sent out to Tenet members from managing director Mike O’Brien says the decision had been made because the group had “up-scaled and up-skilled” resources within the business.

Ison has been with Tenet since September 2011, while Youngman has been with the network since January 2008.

O’Brien says: “This decision was not taken lightly and we continue to put client service at the top of our agenda in this challenging period of regulatory change.

“I would like to take the opportunity to thank Jackie and Mark for their hard work whilst at Tenet and to wish them all the best for the future.”

In February, Tenet appointed Helen Turner as distribution and development director after Keith Richards announced he is leaving to joint the Personal Finance Society as chief executive.

The network appointed Caroline Bradley as group finance director in January after Graeham Sampson quit in September.

Yellowtail Financial Planning managing director Dennis Hall says: “The management that is left at Tenet needs to clearly communicate the direction of the business to its members and allay any fears they may have as a result of people leaving.”

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