View more on these topics

Tenet demonstrates increase in shareholder value

Three years after the Tenet Group launched the Tenet Discretionary Reward Scheme, it has experienced a rise in share value and, over a five year period, has returned a compound annual growth in the value of the shares of over 20% year on year.

The scheme is intended to share the growth in the value of the company with members and clients, in recognition of the contribution they make to its ongoing success.

If the management team of the Tenet Group continue to deliver their business plan, the scheme should ultimately be worth over 10 million.

Simon Hudson, group chief executive of The Tenet Group, says: “With the recent Standard Life and current shareholder investment and ongoing growth of the Group, Tenet is clearly in the best possible position to serve the needs of tomorrows adviser.

“We have no specific timetable for flotation and are totally focussed at present on developing our business, which itself increases the value of the company.”


EXCLUSIVE: Bolton & Co’s lender to be in specialist markets

The new lender to be launched next year by the so-called “famous five” that left HBOS at the beginning of this week will specialise in the sub-prime, self-cert and buy-to-let markets – a mini clone of BM Solutions.On Monday this week HBOS head of specialist lending Michael Bolton spearheaded a walkout from the group, followed […]

Britannia launches 2-year fixed rate mortgage

Britannia is launching a new two-year fixed rate mortgage on October 28, offering a rate of 4.29% up to 95% LTV which is a drop of 20 basis points as the previous rate was 4.49%.The initial rate on Britannias two-year discount tracker will also drop on Friday October 28, to 4.35%. The product will track […]

Scottish Widows appoints Norval Bryson as non-exectutive director

Scottish Widows has announced the appointment of Dr Norval Bryson as a non-executive director. Bryson spent the majority of his career at Scottish Provident, most recently as group finance director and deputy group managing director.Archie Kane, chief executive of Scottish Widows, says: I am delighted to announce Norvals appointment to the board. He brings with […]

Lenders hit back at Nationwide

Lenders have hit back at Nationwide after it accused them of making unnecessary lending charges. Stuart Bernau, executive director at Nationwide, says Halifax and Abbey run the risk of being accused of blatantly profiteering by charging higher lending charges and higher rates for those needing to borrow more the 90% of the value of the […]


News and expert analysis straight to your inbox

Sign up