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Packaging market still has mileage, claims BDS

BDS Mortgage Group says there is still mileage in the packaging market as it reports an increase in enquiries, conversion and packaged applications for February.

Broker calls to the placement team in February were up 25 a week compared to January and were up 400 over the month from December levels.

Some 58% of enquiries went through to DIP stage and the packaged conversion rate from DIP to application rose by 15%.

Applications for packaged cases also grew by 65%.

Phil Jay, managing director of BDS Mortgage Group, says: “These figures are a good indicator of how the packaged market is progressing and BDS is still going strong within it.

“Whilst we have seen many lenders leave the market, there is no shortage of demand for those who remain.”

He adds: “I am confident that our placement and packaging service will mean than BDS is still a main contender and I hope that in 2009 lenders will start to return to this corner of the market.”

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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:

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