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BDS reports 500% increase in AR members

BDS Mortgage Group says it has signed up over 100 appointed respresenatives in the last year, a 500% increase from this time last year.

It has now set itself a target to double in size in 2007.

The network says this growth is a result of business initiatives and key staff appointments including the formation of a network processing team.

It says it is also down to the appointment of a group relationship manager, the introduction of an ‘introduce a friend’ scheme, bespoke training and development courses, enhanced life panel availability, technology advancements and an onsite and roving compliance support.

The networks also reveals it has around 15 more ARs in the pipeline and is kicking off a full programme of events in 2007 offering ARs the opportunity to grow their businesses.

Phil Jay, managing director of BDS, says: The recent Financial Services Authority review of directly authorised brokers has highlighted the vulnerability of many.

We are using this opportunity to offer firms a compliant and competitively prices route to market.


Housing equity outweighs mortgage debt

Halifax has calculated that housing equity significantly outweighs mortgage debt with UK private stock now worth 3.8 trillion. This means housing equity is 3.5 x the value of outstanding mortgage debt of 1.1 trillion.The value of the housing stock has increased by 78% over the last five years, with stock rising by 12%, or more […]

Accord Mortgages has not raised SVR by more than BoE

From Linda WillI was a little surprised to see in Peter Mounty’s comments (Mortgage Strategy December 4) that Accord Mortgages has been criticised for raising its SVR by more than the Bank of England rise – in fact, very surprised as we have not. We raised our base rate by 0.25% on December 4. Linda […]

High street lenders slammed for increasing debt

High street lenders are piling further debt upon their customers, says britishinsurance.comResearch undertaken by the company compared loan payment protection insurance premiums of 10 UK lenders and found that, on average, customers were shelling out £2,500 more than they needed to. It reveals that those taking out loan PPI with the most expensive lender during […]

My key word for 2007 is standards

It would be obvious of me to use this opportunity to look ahead to the next six months and map out the challenges the industry can expect to face. You may call me Mr Obvious.

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White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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