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BDS gets authorised by FSA

BDS says it was one of the first networks to receive its minded to approve letter and once again was high on the list for full authorisation.

It intends to cover all options post October 31 through its network, direct authorisation club and introducer only distributor, and this news means it has the go-ahead.

Bruce Collins, group compliance manager at BDS, says: “Time is ticking and brokers who have not yet decided upon their path need to get a move on whilst those who have, must ensure they are confident in their decision.

“At BDS, we have put in a lot of hard work over the recent months preparing for mortgage regulation and are certain that not only do we have the knowledge, resources and support network to provide a range of competitive regulatory options but we now have full authorisation to do so from the FSA.”


AMI extends remit to include general insurance market

In a two-pronged approach the trade body is to adopt a more central lobbying role for those connected with the protection market whilst stepping up the level of assistance it offers members dealing with GI. AMI expects new members to be attracted by the wider proposition. AMI director Chris Cummings says: “We have always helped […]

CMLS receives full authorisation from FSA

CMLS director Tony Salentino says: “We are delighted to be one of the first networks to obtain full FSA authorisation and we believe this reflects the strength of our network offer and the high quality support that our ARs will enjoy. This is a great achievement for the business and recognition is due to our […]

Freeze confirms predictions

The Monetary Policy Committee has raised interest rates five times since last November to help control the property market and consumer spending and this now seems to have succeeded. Jak Sardar, economist at Barclays bank, says: “The decision to keep interest rates on hold confirms our prediction that it would not raise rates this month. […]

Lenders move to slash fixed rates

IF and Norwich and Peterbrough have both recently launched fixed rate mortgages that are more competitively priced than previous deals. Jennifer Blackwood, spokeswoman for IF, says: “We felt it was the right time to cut the rate to 4.95%, down from 5.49%.” Details of the product include: a discounted rate until October 31 2007 with […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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