Life and pensions specialist LV= has strengthened its partnership with the Tenet Group.
Tenet Group has said it will save the 70 advisers affected by Merchant House Financial Services (MHFS) being put into administration.
Adviser support group Tenet is extending its offer of permanent run-off cover to the wider market.
Advisers and providers reiterated the "catastrophe" that would befall the advice sector if the incoming Financial Conduct Authority (FCA) read across a ban on commission in the retail investment market to protection.
Tenet Group has been invited to join the Department for Work and Pensions (DWP) Intermediaries Forum to help achieve more effective education and implementation of auto-enrolment.
Tenet has made a number of appointments following the departure of Keith Richards to head the Personal Finance Society.
Keith Richards, who stepped down as distribution director at Tenet today, has been named as the new chief executive of the Personal Finance Society (PFS).
Tenet distribution director Keith Richards has left the firm after nine years.
Tenet has appointed Caroline Bradley as group finance director.
Just 2% of advisers in the Tenet network have gone restricted, after the firm encouraged members to remain independent.