RDR fears drive Tenet new business up 30%

Keith Richards, group sales and marketing director at Tenet, says he has seen a particular rise in mortgage advisers joining the group as concerns of an RDR-style mortgage report spread. Pressure on advisers accross the board to become more professional has also led them to consider joining a network. “We feel bullish about prospects for 2008 of further acquisition opportunities, and organic growth as more advisers look for support, stimulated by the RDR,” he says. Tenet achieved a 20% rise in profits last year while assets increased from £28m in 2006 to £31m and cash grew to £1.5m....