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th August 2021 8:47 am
Life Insurance broker Protect Line, has walked away from the Tenet network to become directly authorised,
Money Marketing has learned.
Tenet said it was sorry to see the firm leave but wishes it “every success for the future”.
The exit has sparked concern among some advisers about Tenet’s position. Yet, Tenet has outlined ambitious growth plans to
Money Marketing.
Poole-based Protection Line became an authorised representative of Tenet in August 2015, having previously worked with Sesame.
It has decided to go it alone after a strong performance last year. Protection Line recently hinted at the move when it announced the appointment of Pedro Coimbra Fernandes as chief financial officer.
Life insurance broker Protect Line has appointed Pedro Coimbra Fernandes as chief financial officer. Fernandes joins the Dorset-based company from London Stock Exchange-listed Hiscox, where he was interim chief financial officer of London Market and Hiscox Syndicates Limited.