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BDS staff face doubt on future

Staff at Skipton subsidiary BDS Mortgage Group have been placed into consultation over their jobs while the firm considers its options.

The consultation period will come to an end for all 27 members of staff on May 1 and until then all options are being explored.

Neil Hoare, sales and marketing director at Pink Home Loans, says it is too early to say what will happen to the Fareham-based subsidiary at the end of the consultation period.

He says: “We are examining all options but BDS has not closed and there has been no change to the proposition.”

BDS Mortgage Group consists of a packager, mortgage network and a direct club.


Mutuals must operator in the interest of their members

So the Dunfermline has a few problems. It seems Scotland’s biggest building society, which also happens to be practically in Prime Minister Gordon Brown and the chancellor Alistair Darling’s backyard, is on the rocks.

Sir Fred’s heroes are in the firing line

Corporate sponsorship is always a tough expenditure to justify and you’d have thought it would be even more difficult for nationalised banks such as Northern Rock and its sponsorship of Newcastle United FC or Lloyds Banking Group’s planned £65m funding for the Olympics.

Society savings hit record high, but lending still down

Net receipts into societies were £1,595m in February 2009, the highest February net receipt on record and an increase of 18% over February 2008, but gross mortgage lending was down to £1,214m, compared to £3,861m in February 2008.

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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