TenetConnect Enters Administration – Were You Advised to Transfer Your Pension?

If yes, you could be one of approximately 9000 people eligible to be able to make a successful claim. TenetConnect Ltd, once a major UK financial advice network, has entered administration. The Financial Services Compensation Scheme (FSCS) has now stepped in – and you could be entitled to up to £85,000 in compensation.

If you received financial advice from TenetConnect or one of its many appointed representatives – regarding transferring a company pension / defined benefit (DB) pension – you may now be eligible to claim.

What Went Wrong With TenetConnect?

In June 2024, TenetConnect Ltd and its sister firm TenetConnect Services Ltd entered administration due to regulatory and financial pressures. On 25 March 2025, the FSCS officially declared the firm in default, opening the door for affected clients to claim compensation.

The issue? Many people were advised to transfer out of secure company pensions – often into high-risk personal pensions or SIPPs – without fully understanding the risks. This may have breached FCA standards and left people significantly worse off.

What This Means for TenetConnect Clients

A defined benefit pension (also known as a final salary pension) provides a guaranteed income for life.

If you were advised to transfer to a personal pension or SIPP, even many years ago, you could now be entitled to claim. Common red flags include:

• Being advised to transfer despite having a secure DB scheme
• Ending up in investments that carried excessive risk
• Lack of clear documentation or explanation of risks
• Loss of valuable pension benefits or guarantees

If any of this sounds familiar, we can help.

Why Choose CP Financial Claims?

At CP Financial Claims, we specialise in recovering money lost through mis-sold pensions and investments.
We handle the entire process for you – from claim preparation to dealing with the FSCS, the Ombudsman, or the firm directly.

• No Win, No Fee – No upfront cost, and nothing to pay unless we’re successful (see our full terms at cpfclaims.co.uk/fees-and-terms)
• Expert support – We gather the evidence, build your case, and manage the paperwork
• Stress-free – We speak your language, not legal jargon

Act Now – TenetConnnect Claims Are Already Being Processed

Time matters, claims are under way, but cases can take time to assess – especially if advice was given years ago.

The sooner you act, the sooner you could receive compensation.

It only takes a few minutes to find out if you qualify. There’s no obligation to proceed.

• Call us on 0203 287 7811
• Email hello@cpfclaims.co.uk
• Or fill in the form on this page

You are not obliged to use claims management services. You can make a claim for free yourself directly to the firm you believe is responsible and if the firm does not settle your claim satisfactorily you can complain to the Financial Ombudsman (https://www.financial-ombudsman.org.uk/) or the Financial Services Compensation Scheme (https://www.fscs.org.uk/).