Tenet allows members to self-approve drawdown advice

Carmen Reichman
clock

Adviser network Tenet is offering its members licences to self-approve drawdown advice in a bid to speed up its processes ahead of the incoming pension reforms.

The network will allow licensed advisers to self-approve their drawdown advice to make it easier to serve more clients in less time. The move comes in preparation for an anticipated influx of new drawdown clients when pension freedoms are implemented in April this year. The government announced last year it is to liberalise pensions, allowing most people to access products such as income drawdown. Tenet's advisers will have to attend training courses and pass a test as well as submit a number of case studies to be assessed by the network if they want to obtain a licence. Those w...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Personal finance tax incentives to hit £35bn this year

Personal finance tax incentives to hit £35bn this year

This comes as the government encourages saving

Isabel Baxter
clock 02 October 2023 • 1 min read
One in three families 'feel relieved' using the same adviser

One in three families 'feel relieved' using the same adviser

Almost 40% found comfort in having family financial affairs in one place

Sahar Nazir
clock 02 October 2023 • 1 min read
Quarter of clients over 45 expect to leave larger inheritance

Quarter of clients over 45 expect to leave larger inheritance

Findings from M&G’s Family Wealth Unlocked report for 2023

Sahar Nazir
clock 02 October 2023 • 1 min read