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...
100 new clients
Achievements, charity work and other happy snippets
Square Mile’s series of informal interviews
Partner Insight: The rise in demand for DFM and multi manager solutions has been largely driven by new mandates from the regulator, says James Bampton, head of UK intermediary distribution at Architas