Tenet offers to loan advisers cash to cover exam costs

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IFA services provider Tenet is offering all advisers interest-free loans to cover the cost of meeting new minimum qualification requirements ahead of the Retail Distribution Review (RDR).

There is no cap on the amount of the loan, which will help advisers reach QCF Level 4. The funding, for Tenet members and non-members, will be based on the cost of the particular learning programme used by the individual. It will cover the cost of any refresher courses or face-to-face support, and the total must be repaid by the adviser over a 12-month period. Tenet is also offering subsidised training programmes with options including online and face-to-face training, while the company also recently launched a mentoring service, giving advisers support as they go through their exa...

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