Tenet has signed a contract with Defaqto to make Tenet’s product and fund panels available via a bespoke version of Defaqto’s Engage solution, which will be provided to all TenetConnect members free of charge and relevant TenetSelect firms.
From the summer, Tenet will integrate its product and fund panels into this bespoke version of Defaqto’s Engage solution, providing access to the Tenet panels and customised product, platform and fund research in one place.
As well as access to Tenet’s panels, the bespoke version of the Engage solution also includes product, fund and platform filtering, brochure compare functionality and the ability to export.
Gill Davidson, group regulatory director, said: “The integration with Engage going forward will provide an enhanced service to our advisers by bringing together our panels and a market-leading research tool, saving them time and making their life easier.
“In addition to the link with Defaqto Engage, Tenet has taken the decision to redirect the outsourcing arrangement of our wealth and protection product panel research to Defaqto from July, as we see them as market leaders in this field. We are also taking this opportunity to bring fund research in-house, utilising expertise from a number of sources to construct and maintain the panels and give on-going support to our members.”
David Cartwright, head of insight and consulting (Wealth and Protection) at Defaqto, added: “TenetConnect and relevant TenetSelect advisers will have single-sign-on access to relevant data on the products and funds that are on Tenet’s panels. This will help advisers do their research more efficiently and in accordance with Tenet’s advice standards and processes.”
