LIMELIGHT Issue 56

As we end the first quarter of the New Year, let’s have a look at what 2019 is likely to deliver and more importantly, the opportunities the year ahead could bring. It is certainly building up to becoming as eventful a year as we have known for the advisory market, with regulatory updates set against the omnipresent Brexit backdrop and the FCA’s final report for its Mortgage Market Study scheduled for late spring. The Bank of England base rate went up twice last year to end 2018 at 0.75% – the first rises in a decade. Although any further increases are very likely to be small and steady, given the political and economic uncertainty ahead, the trend of customers moving towards longer term fixes in the mortgage market continues. Greenwood steps down to retire later in the spring after 19 years with Tenet. Mark has a proven track record of building and growing businesses and moves to Tenet from his role as chief executive of the AIM- listed provider of employee and financial services, Personal Group Holdings. New technology deal with Intelliflo On the theme of change, we were pleased to announce in February that we have signed an initial five year contract with Intelliflo for the provision of Intelligent Office to our members. Our current five year contract with focus:solutions was coming to an end, so we took the opportunity to conduct a strategic review of the leading systems in the market, as well as consulting closely with our network focus group members. We will also welcome a new chief executive, Mark Scanlon, as Martin We’ve had an overwhelmingly positive response to this news but we also fully appreciate this represents a major change to the majority of our member firm’s businesses. Don’t worry however as we’ll be here to support you throughout each stage of the phased rollout. To find out more about why we selected Intelliflo as our future technology partner and to meet our new IT and Change Director, Julia Elliot, please turn to page 8. Mortgage Market Study At an industry level and as active member of AMI, I have been helping contribute towards ensuring that the voices of Tenet members and the wider adviser population have been actively represented and heard by the regulator, as they finalise their thoughts in this area. Following the publication of the final rules, as with most regulation, a period will be assigned for the industry to implement the necessary

Industry OVERVIEW

Simon Broadley Managing Director, TenetLime Ltd

we were pleased to announce in February that we have signed an initial five year contract with Intelliflo for the provision of Intelligent Office to our members.

4 - TENETLIME SUPPORT

Made with FlippingBook - professional solution for displaying marketing and sales documents online