Tenet targets independence for most advisers

Tenet distribution and development director Keith Richards [pictured] said the group would be sending strict guidance to 5,500 advisers across its directly authorised, appointed representative and mortgage adviser streams. "We are coming out with a very firm view that the vast majority of advisers in Tenet will retain an independent status," he said. The pressures of adapting to RDR were not as difficult as Tenet first feared, he added, with the number of advisers expected to leave the business as a result of RDR set to be below 6%. The news comes after the group reported "positive...