Including links to exclusive deals, technical and regulatory support and access to a wide range of lenders, ‘Mortgage Professional’ and ‘Insurance Professional’ are new additions to Tenet’s IFAs professional suite.
With growing broker interest in the general insurance market the ‘Insurance Professional’ option provides support for advisers and includes access to a variety of lenders across the niche and life protection market. Tenet’s ‘elite panel’ of five ‘high-commission’ assurance providers is also included for insurance professional members to use.
Glenn Chapman, client services director at Tenet, said: “There are a large number of mortgage advisers who are directly authorised and want the peace-of-mind associated with IFA professional services to ease the regulatory burden. We are extending the high quality service we currently offer IFAs to meet demands in the mortgage and insurance market.”
However, Kevin Morgan, managing director of Consilium Financial Planning, was not overly taken with Tenet’s latest addition for directly authorised advisers.
He said: “Tenet is clearly trying to build up its attraction to brokers in order that they use its services and it might help those that are making the transition from one market area to another as it provides a one-stop-shop for the various needs with the minimum of fuss.
“However, if you are using such a service then you are reliant on it to make it work. People may be wary that services like these don’t always do what they say on the tin.”
He went on to add: “We do not have much need for it and I would much rather rely on our own capabilities to complete business rather than through a separate company.”
