Tenet Comment
Please click on the links below to read the latest comments from Tenet...
23 January 2012 - Nine out of ten IFAs say they will remain independent
Tenet comments on Defaqto's latest research
09 November 2011 - Keith Richards talks to FTAdviser on plans for the RDR
Tenet’s distribution and development director discusses the firm’s ongoing restructuring and his views on the changes that will come with RDR with FTAdviser
19 September 2011 - Special report: Platforms - Choosing carefully
Distribution & development director, Keith Richards, comments on the due diligence advisers should undertake on potential platform partners
04 August 2011 - Tenet launches 'wrap of wraps'
Tenet has launched a “wrap of wraps” which gives advisers access to all major platform providers.
28 July 2011 - The moving finishing line
Tenet Group distribution & development director, Keith Richards, writes on the TSC's recommendation to defer RDR implementation by one year
28 July 2011 - Aviva sees IFAs rethinking their potential RDR exodus
Tenet comments on results of Aviva's latest research on RDR
30 June 2011 - New regulator's interventionist approach will increase costs: FSA
The FSA has warned the financial services industry it will have to bear the brunt of higher regulatory costs as the Financial Conduct Authority pursues a more interventionist style.
30 May 2011 - All signs are pointing to a lending increase
There is a growing consensus that mortgage lending this year may increase more than many predicted at the end of last year, writes Gemma Harle MD of TenetLIME
31 March 2011 - Turning of the Tide
There are more important regulatory issues for the financial services sector than the proposals in the RDR for every adviser to reach a defined level of qualifications, writes Tenet's Keith Richards for Financial Adviser
19 May 2011 - 'PPI casts shadow on reputation of industry'
The payment protection insurance scandal will tarnish the name of the financial services industry for years to come, Tenet Group's Keith Richards has warned
30 September 2010 - Advisers start seeing the light of fee charging: Tenet
Consumers will be willing to consider fees after the retail distribution review, meaning it is not the stumbling-block that IFAs may have initially feared, according to Tenet
30 September 2010 - QCF level 4 searches up by 124%: Unbiased.co.uk
IFAs are increasingly anxious to sharpen their skills ahead of the 2012 retail distribution review deadline with rising numbers sitting exams to achieve their QCF level four qualifications, new figures show
16 September 2010 - Mistakes of the past bound to be repeated, say experts
Lord Myners has raised serious doubts as to whether dismantling the FSA will prevent the onset of another financial crisis
21 September 2010 - Is ‘plain speaking' impossible on independent and restricted?
The PFS's plans to publish a 'plain English' version of the FSA's RDR guidance are to be applauded. Good luck to Fay and her colleagues in trying to make sense of what is a long, convoluted and often ambiguous document!
21 September 2010 - Lakey to challenge Myners over long-stop
Alan Lakey is lobbying his MP in an effort to take Lord Myners “to task” for misleading parliament about reasons for the lack of a long-stop for advisers
16 September 2010 - Firm pledges support for savings campaign
Tenet has pledged its support for Money Marketing’s campaign to improve saving and protection rates in the UK
09 September 2010 - Industry embraces Gay’s appointment
Stephen Gay’s appointment as the new director-general for the Association of IFAs has been welcomed by the industry
07 September 2010 - Be prepared, not afraid
Tenet's Keith Richards responds to FSA chief executive Hector Sants' warning to “be afraid, be very afraid” with regard to FSA enforcement
23 August 2010 - How to keep your PI premiums down
With professional indemnity (PI) insurance premiums predicted to rise by as much as 50% in the next two years, what can brokers do to mitigate the effects?
19 August 2010 - Religion and race 'barring entry to industry'
Strong religious beliefs are preventing people from joining the financial planning industry, according to a business academic
05 August 2010 - Moneysupermarket flawed research angers brokers
Brokers have attacked moneysupermarket.com after a press release said borrowers should think twice before using mortgage brokers because 90 per cent of products are now direct-only
05 August 2010 - Ailing firms may be priced out of sector
Financial advisers, already under pressure from regulators, now face a massive increase in professional indemnity insurance if the financial ombudsman service goes ahead with its threatened increases in compensation pay-outs
08 July 2010 - Advisers won't face extra legal costs for FSCS judicial review
Regulatory Legal has assured IFAs that advisers making donations to help fund the judicial review of the FSCS will not face any additional legal costs
24 June 2010 - Cummings wins praise for his contribution to IFA cause
Aifa director general Chris Cummings has won wide-ranging praise for his role in lobbying on IFAs' behalf
17 June 2010 - FSA looks at alternate adviser charging model
Prohibiting commission structures that incentivise mis-selling would help to clean up the industry, according to the Future of Banking Commission report
20 May 2010 - IFAs join forces to lobby new MPs on "poor" regulation
Hundreds of advisers are gearing up to lobby their new MPs about years of “poor” regulation in what could represent one of the biggest “joined-up” challenges to the FSA
13 May 2010 - FSA accused of acting tough for election
Leading industry figures have urged the FSA to reassess its enforcement approach amid accusations that it is trying to bolster its position for the post-election world
13 May 2010 - FSA to clarify trail fate when clients switch adviser
The FSA is set to clarify the fate of trail commission when clients switch adviser from 2013 following concerns from advisers and providers
30 April 2010 - Journey connections
23 March 2010 - Tenet to expand adviser arm ready for RDR opportunities
Support service provider Tenet Group plans to expand its independent advisory business as part of a major transformation ahead of the retail distribution review (RDR).
11 March 2010 - Park Row advisers set to get FSA verdict
Ex-Park Row advisers will soon learn whether or not they will be reauthorised under new networks, with some set to see their authorisations cancelled
25 February 2010 - Advisers examine growth options
A third of advisers are looking to grow their businesses during the pre and post retail distribution review environment, according to a survey from Tenet
09 February 2010 - FSA taking longer to authorise firms, says Threesixty
The time taken for the Financial Services Authority (FSA) to authorise new firms has almost doubled to about 14 weeks
22 February 2010 - Tenet says IFAs are being cold called with offers for firms
Three out of 10 advisers surveyed by Tenet said they were looking to grow their businesses during both the pre and post-retail distribution review (RDR) environment
18 February 2010 - Biggest networks are facing hefty increases
Members of the biggest IFA networks are likely to be hit with the biggest increase in FSA fees and levies in the next financial year
07 January 2010 - RDR consultation a welcome step forward - Aifa
The FSA's proposals on raising professional standards represents a step forward for the financial services industry, according to Chris Cummings, director general of the Association of IFAs
