Tenet: Most advisers will need consumer credit licence

Tenet said it believed most advisory firms will carry out some kind of regulated activity that requires a consumer credit license from time to time and will therefore need the relevant license under the FCA. The Association of Mortgage Intermediaries (AMI) recently confirmed mortgage brokers will not require FCA authorisation for debt counselling when advising clients to repay existing loans from a regulated mortgage contract.   But Tenet believes advisers that counsel on debt outside of mortgages will still need a licence and it advised advisers to obtain a licence for their own "pe...