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Tenet Compliance Services joins forces with Legal & General Mortgage Club to boost support for advisers
Tenet Compliance Services (TCS) has strengthened its support for Directly Authorised advisers by partnering with Legal & General Mortgage Club, the UK’s largest and longest running mortgage club.
23 May 2022
Clients using Legal & General Mortgage Club will benefit from its free mortgage tools, enabling them to quickly find accurate, in-depth data on providers, including criteria, affordability and suitable product examples.
Benefits for TCS advisers include professional support from dedicated relationship management and mortgage support services teams, as well as access to a broad lender panel and trusted referral partners. This includes access to end-to-end mortgage platform Smartr365 at no additional cost, as part of the package. The mortgage broker CRM system aims to help advisers save time and reduce paperwork to streamline the mortgage journey.
Clare Beardmore, Head of Broker and Propositions, Legal & General Mortgage Club: “At Legal & General, we are committed to supporting the advice community, and equipping them with the tools needed to support a wide range of clients, including those with complex income scenarios. Our decision to partner with Tenet Compliance Services directly aligns to this principle. We are confident that today’s partnership will streamline day-to-day business for TCS client firms, ultimately delivering even better outcomes for customers.”
Warren Vickers, Managing Director, Tenet Compliance Services: “Tenet Compliance Services is constantly looking at new ways to help everyone get access to quality financial support and guidance. This partnership with Legal & General fits perfectly with our commitment to providing advisers and their clients with the very best tools, information, and support they need to move forward with confidence and make the most informed decisions.”
Further information
Notes to editors
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.14 million retail policyholders and workplace members.
In 2023, we had total individual annuity sales of £1,431 million, and issued £299 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 5.2 million members, while our Protection businesses gave peace of mind to several million direct, group and US customers, taking in £1,991 million of UK and $1,584 million of US gross written premiums.