Tenet Group along with three of its subsidiary firms have called in administrators and shut down some parts of the business as the Financial Services Compensation Scheme (FSCS) investigates claims.
Yesterday (5 June), Interpath administrators Ed Boyle, Howard Smith and Rob Spence were appointed to manage Tenet Group, with Boyle and Spence also appointed as joint administrators of its subsidiary companies Tenet Ltd, TenetConnect and TenetConnect Services. The update has come nearly a year after parts of the business were shut down and sold off. The FSCS said it is handling the failures of TenetConnect Services and TenetConnect together. Both firms also used Tenet Network Services as a trading name. It also said it is aware of a number of customers who received pension transfer...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
