Tenet Group

Advisory businesses are acknowledging the benefits of execution-only capability, but struggling to build viable propositions, according to one major adviser support group.

The current Financial Services Compensation Scheme (FSCS) funding strategy is 'unsustainable' and poses a threat to both advisers and consumers, according to Tenet.

The government must do more to promote the benefits of the Retail Distribution Review (RDR) to consumers to help advisers stay in business, Tenet Group has said.

Unemployed graduates will be helped to break into the financial services industry with the launch of a training college.

Tenet advisers will have their professional indemnity insurance (PII) excess cut by 50% on claims on advice given after they obtain their Statement of Professional Standing (SPS).

RUNNING FOR COVER

Graeham Sampson, the finance director at advisory group Tenet, has left the firm after just 18 months.

Who has moved where in another busy week in financial services?

IFA support group Tenet is offering its member advisers access to permanent professional indemnity insurance (PII) in what the group said was the first commercial deal of its kind.

A premium charged on products and investments could part-fund the Financial Services Authority (FSA) and Financial Services Compensation Scheme (FSCS) and ease the burden of regulatory costs on advisory businesses, IFA support group Tenet has suggested....