Another two firms left Tenent in December 2022. As per FCA register, MABWM Ltd and Sean Narey Financial Planing Limited, both firm left Tenet on 05 December 2022. MABWM Ltd joined Tenet om 12 April 2018 and Sean Narey Financial Planing Limited joined Tenet Group on 07 July 2014. Both firms were attached with Tenet […]
Author: Messi
Tenet Group Companies and Their Financials
These results are taken from the accounts filed with the companies house. The accounts are for the year ended September 30, 2021. Tenent Group incurred a huge loss this year, a whopping £21 million. Almost the whole mortgage network sector made a profits whereas Tenet Network made a huge loss. Please see the list below, […]
List of blogs about Tenet Network
Following is the list of main blogs about Tenet Network for the consumption of all relevant stakeholders. Tenet to Cut Staff amid Network Closure: Navigating Challenges in the UK Real Estate Landscape Another 18 Advisor Firms Left Compliance Network Tenet Group since January 2023“>Another 18 Advisor Firms Left Compliance Network Tenet Group since January 2023 […]
Tenet Group up for possible sale
Advice network Tenet Group has hired an external advisor to review the business. The review will consider a range of options, including a possible sale. By Zachariah Sharif 06 Dec, 2022 at 07:44 Advice network Tenet has hired an external advisor to conduct a review of the business, which could lead to a possible sale. Several […]
Tenet Group earmarks £13.7m redress for British Steel pension transfers
By Lois Vallely 5th October 2022 2:23 pm Tenet Group has set aside £13.7m to cover potential liability arising from the British Steel Pension Scheme redress scheme. In its financial results to 30 September 2021 (see Companies House,) the company said it has reached an agreement with its shareholders to enable it to meet estimated historic liabilities arising from the […]
Protect Line walks away from Tenet Network
By Katey Pigden 4th August 2021 8:47 am Life Insurance broker Protect Line, has walked away from the Tenet Network to become directly authorised, Money Marketing has learned. Tenet said it was sorry to see the firm leave but wishes it “every success for the future”. The exit has sparked concern among some advisers about Tenet’s position. Poole-based Protection Line became […]
Tenet acquires Leeds-based IFA
By Momodou Musa Touray 5th August 2021 4:17 pm Tenet has acquired Yorkshire-based wealth management company Astute Financial Advisers. The deal is part of Tenet’s growth strategy as it expands its advice arm Tenet&You. The acquisition adds more than £100m in assets under management. Astute Financial Advisers will continue to trade under its own brand as a subsidiary of […]
Tenet Network terminates contratcts of low turnover advisers
Tenet Network appointed representative (ARs) advisers who are not writing enough new business are being released / terminated from the advice network as part of a new ‘quality drive’. Tenet is introducing tougher measures for new and existing ARs, and those that cannot meet these standards – including a new turnover threshold – are being let go. […]
Tenet Network unveils ESG research platform
UK financial adviser support group Tenet Network has launched research platform ESG Compass. It will enable advisers to cut through the complexity of ESG propositions and make recommendations to their clients based on researched information. The portal gives advisers access to a suite of ESG funds, managed portfolio services, and mortgage research, all subject to […]
Court orders Tenet Network to compensate for fraud
Tenet Network has lost a High Court case after a judge ruled the network was in fact liable for the unregulated activities of one of its appointed representatives. Mr Justice Ouseley ruled in favour of the Financial Ombudsman Service after Tenet Network sought to overturn a decision where it had ruled against the network. The […]