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TenetConnect Ltd

Under Investigation 05/06/2024

FRN: 149826

The FSCS placed TenetConnect Ltd under investigation on June 5 2024, after it entered administration.

Its parent company Tenet Group and two other subsidiaries were also placed in administration and Joint Administrators from Interpath Ltd were appointed.

TenetConnect Ltd is an FCA authorised firm and was also principal firm to a number of Appointed Representatives (AR’s).

Appointed Representatives are able to carry out regulated activity (such as advising on investments) without being authorised by the FCA.

This is because the principal firm is responsible for the conduct and regulated activities carried out by its Appointed Representatives.

The FCA thinks many customers may not be familiar with the name TenetConnect Ltd and may be likely just to know their adviser who was acting as an AR.

You can find details of all the companies who were Appointed Representatives of TenetConnect Ltd on the FCA register.

According to the FCA the firm used Tenet Network Services and TenetConnect as trading names.


Latest on FSCS claims TenetConnect Ltd

The FSCS’ latest update says that a number of customers were due to be contacted as part of a past business review into Defined Benefit pension transfer advice.

These customers were given advice by Appointed Representatives who were under the regulatory responsibility of TenetConnect Ltd.

The FSCS says it is possible that these customers could be eligible to claim compensation.

It is currently working closely with the Joint Administrators to secure data to address these potential claims.

The FSCS is not yet open to claims against TenetConnect Ltd as it is working to obtain, secure and organise data provided about past business reviews.

It added that this is likely to take several months.

The next update will be provided by FSCS by the end of August 2024.


Our Initial Assessment

Are concerned about Defined Benefit pension advice and want to know more about making a claim? Our initial assessment could help!

We can tell you if we think you have a case and what your options are if you do – no obligation to use our claims service.

Simply fill in the form below to arrange or call and have a chat today!

Key Facts

The FSCS is investigating potential claims against TenetConnect Ltd after it went into administration on June 5 2024
Customers who received Defined Benefit pension advice from Appointed Representatives of the firm could be eligible to claim compensation

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.