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KGB sees 30% rise in volume

KGB Packaging has seen a 30% rise in the volume of cases submitted by brokers during the past month, compared with its monthly average for 2008 so far.

The company has recruited BDMs, who are now trained and out in the field, and has recently invested in technology to provide a faster and more effective service.

Rachel Bancroft, managing director of KGB, says: “We are delighted to report an increase in business levels at a time when volumes are down overall across the industry.

“Although the number and choice of sub-prime products has greatly reduced, we believe that the market conditions are driving many more brokers to use the packager route for their cases.”

She says this is because KGB can give brokers access to the remaining lenders that are offering suitable products.

Bancroft adds: “We believe that the packaging sector should take a more positive stance about its own position and that more distribution firms should become active in promoting the benefits of their services to the broker community.”


TFC sees nearly 3,000 applications from Gravity

Since the launch of its online mortgage decision and case processing system, Gravity, TFC has received nearly 3000 mortgage applications. TFC Homeloans, part of the Orbiter Group of companies, was the first mortgage packager to fully adopt the Gravity system at the start of September 2007. Developed by software company Oppono, Gravity is now used […]

AMI Expo seminar subjects revealed

The organiser of Mortgage Business Expo Manchester has revealed the programme of seminars to be held in the Association of Mortgage Intermediaries area. Clarion Events says the seminars will include a debate on the relationship between directly authorised brokers, appointed representatives and franchise panels. Small firms’ preparations for regulatory visits will also be covered and […]

AMPD revamps payment system

The Alliance of Mortgage Packagers and Distributors has revamped its reporting and payment structure to guarantee members’ proc fees. AMPD members have committed to a set of payment standards that mean proc fees should be paid within 10 days.

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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