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Tenet adviser enquiries go up 26%

The number of brokers requesting information on Tenet’s non-investment and mortgage network Lime has shot up by over 26% in the last two months.

The adviser support group has also seen protection business jump 88% since October last year.

Keith Richards, Tenet’s Group distribution and development director at Tenet Group, says: “Further consolidation in the sector is widely forecast and there is already evidence of the strains brought about by the current economic climate in a number of firms.

“The FSA’s intent to focus more energy on the mortgage market is also creating a trigger for many smaller directly authorised firms to join a well run and capitalised network, where the regulatory infrastructure is provided and responsibility for advice is shared.”

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