Tenet’s non-investment network, TenetLime, has seen near to a 40% increase in sales of protection policies for 2014 compared to the previous year.
At them same time, Tenet experienced a 70% year-on-year increase in mortgage business.
The firm is reviewing its overall protection proposition and is looking re-engineer its options for advisers, to improve choice and flexibility for firms to tailor their proposition to meet customer needs.
In addition to Tenet’s whole-of-market (WOM) panel, the new proposition offers a revised WOM ‘best of breed’ panel and a new restricted panel, where advisers pick six providers from a panel of nine. These options are available to all Tenet members, whatever their regulatory status.
Helen Turner, Tenet Group’s distribution and development director, said: “Our focus on providing the best outcomes for end consumers is bearing fruit and we are delighted to see nearly a 40% increase in protection policies within our non-investment network for the end of a year that’s also been a very healthy one for mortgage business.
“Our new protection proposition creates new options in light of changes to regulatory requirements in the market, and offers greater flexibility and support for advisers and their customers.”