Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a646848
Tenet snaps up employee benefits firm to power corporate service
by Daniel Grote on Dec 19, 2012 at 15:11
IFA network Tenet has acquired member firm The Employee Benefits Corporation and will use the acquisition to allow members to exploit the corporate advice space.
The network said that Tenet Employee Benefit Solutions would help advisers develop a corporate proposition by supporting project management and day-to-day administration.
Group risk, group private medical insurance and flexible benefit schemes will also be covered by the new proposition. Tenet said an insurance-backed human resources service, incorporating employment law, health and safety and staff contracts, was under development.
Tenet group distribution and development director Keith Richards (pictured) said the service would help advisers who otherwise would not be able to crack the corporate space.
'The corporate sector is something many advisers want to prosper in, but do not necessarily have the expertise or systems to enable them to do so,' he said.
'With pension reform just around the corner, we felt this was the perfect time for us to provide them with an end-to-end holistic employee benefits scheme.'
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
More about this article:
by Alex Steger on Jun 20, 2013 at 09:00