Tenet worried by regulation on the horizon

Published on

Tenet has expressed concerns over the amount of proposed regulatory changes, which the IFA support services group believes are likely to deliver poorer consumer outcomes.

According to distribution & development director, Keith Richards, all sectors will be challenged by a range of new regulatory requirements, which will ultimately impact on jobs across the industry and cost millions of pounds to implement.

Much of the recent focus has been on RDR, but there is a lot more on the horizon with revision to the IMD planned for early 2012, as well as a revised MiFID, the introduction of PRIPs and Solvency II. There will also be an amended regulatory architecture at both UK and European levels just to mention a few.

Richards said: “The industry must join forces more effectively and be given positive incentives to develop by the regulator. Much of the impending regulation offers little by way of incentive and is perceived by many as a threat. Consequently

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...

Mortgage advisers failing over-50s on later life lending, Key warns

Mortgage advisers are not doing enough to support over-50s with later life lending options,...

Other news

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...