National IFA, pensions and employee benefits consultancy, LEBC Group (LEBC) will, from 1 August 2017, be directly authorised by the Financial Conduct Authority.
LEBC was previously an appointed representative of Tenet.
Jack McVitie (pictured), Chief Executive of LEBC, says: “To have a compliance framework and processes in place which are tailored to our business was the key drivers for applying for direct authorisation and, given the pace of change we have seen in the business and the industry at large over the past few years, now is clearly the right time to make this change.
“Direct authorisation ensures we will be able to continue to put our clients at the heart of everything we do and will provide them with unequalled service across our 16 offices nationally. I am pleased to say that part of the reason that we have reached this point of change is the excellent relationship we have had with Tenet and so we will continue to work with them in the future.”
Martin Greenwood, Chief Executive at Tenet, says: “We are delighted to continue to work with LEBC. We have established a very positive relationship with them over the past five and a half years and look forward to supporting them as their proposition evolves.”