Tenet packages bolster IFA support for RDR
Tenet has enhanced its support packages for directly authorised firms as the retail distribution review deadline draws near.
Keith Richards, distribution and development director, said TenetSelect has enhanced its support proposition to offer increased guidance in key regulatory areas.
It has supplemented this by improving its outsourcing services through its new financial planning facility.
Tenet has created three new support packages – inform, consult and complete – to offer a menu choice of all the resource options firms will typically need in the current changing environment.
Mr Richards said: “Under the new RDR regime there will be increased pressure on advisers to demonstrate understanding and compliance of the new rules.
“At the same time they must consider a broader range and more specialist products if they wish to remain independent, which we believe will not be as onerous as first anticipated.”
He said the FSA had already stated its intention to be far more proactive in supervision of all firms.
Mr Richards added that Tenet was already “providing an enhanced level of support and best practice guidance to ensure effective compliance in an ever-changing environment”.
The changes have been aligned to the company’s new financial planning service which includes a comprehensive research and technical facility and a new specialist investment offering to directly address the challenges that intermediaries will face in the new regulatory regime.