Tenet provides £1m support to adviser firms

The majority of the support has gone towards business development or acquisition funding but short-term help with cash-flow problems has also been made available. Tenet's financial support to IFAs comes amid Government concern a lack of credit to small and medium-sized businesses is hampering the recovery. Chancellor George Osborne recently told banks they have an "economic obligation" to lend to small firms. The issue has become even more controversial in light of UK banks reporting bumper half-year figures, racking up combined profits of £15bn for the period. But Tenet distr...