Tenet has warned advisers not to be misled by the £20,000 headline figure and look at the small print of the incoming capital adequacy rules.
Group chief executive Martin Greenwood warned small directly authorised firms just holding £20,000 as a capital buffer may not be enough to be compliant. Under the new regulations, which take effect on...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till