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Podcast: FTAdviser Podcast
Episode: ‘The regulator wants fewer firms to manage’
Description: Last month, Tenet announced it will close its network, with its appointed representatives moving to The Openwork Partnership as part of an exclusive agreement with the company.The agreement will provide Tenet's firms and advisers the choice of retaining their independent status through Openwork's IFA business 2plan Wealth Management or becoming part of the restricted Openwork proposition.This came as the Financial Conduct Authority’s annual report and accounts for 2022-23 revealed that there has been a 19 per drop in the number of appointed representative firms in almost three years.The...