TenetConnect Services has been ordered to pay compensation to a couple after a former appointed representative, who has since been convicted of fraud, induced them to give him money he misappropriated for his own ends.
The clients in question - designated 'Mr and Mrs M' by the Financial Ombudsman Service (FOS) - believed the losses they suffered were preventable and the result of "inadequate supervision" by Tenet of...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September