You are here: cherry > Press releases for December 2014 > 40% POLICY INCREASE SEES TENET LAUNCH NEW PROTECTION PROPOSITION

08 December 2014

Tenet’s non-investment network, TenetLime, has seen near to a 40 per cent increase in sales of protection policies for 2014 compared to the previous year. This is in conjunction with a buoyant mortgage market in which Tenet experienced a 70 per cent year-on-year increase in mortgage business.

 

Tenet viewed this as an opportune time to review its overall protection proposition and re-engineer its options for advisers, giving increased choice and flexibility for firms to tailor their proposition to meet customer needs, whilst reflecting changes to regulatory requirements in the market.

 

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. With enhanced rates, more adviser tools and additional support, these options are available to all Tenet members, whatever their regulatory status.

 

Helen Turner, Tenet Group’s distribution and development director comments: “Our focus on providing the best outcomes for end consumers is bearing fruit and we are delighted to see nearly a 40 per cent 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”

 

Tenet is also a supporter of the Income Protection Task Force’s ‘The Seven Families’ campaign, which aims to reverse the dwindling sales in the income protection market.

 

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