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BDS Mortgage Group receives MTA

BDS Mortgage Group has announced it has received its minded to approve letter from the FSA.

The MTA covers all categories applied for and BDS hopes to receive full authorisation no earlier than August 2004.

Group head of compliance Bruce Collins says: “This is fantastic news. We worked hard to submit our application in advance of the first deadline and it looks like this has paid off. Whilst we have deliberately restricted the size of our network I have always believed that our proposition is one of the most competitive in the market and this announcement confirms it.”


Bright Grey rethinks life cover rates

Protection provider Bright Grey has made changes to its life cover rates. The firm hopes the changes will help it move up the comparison tables in certain areas of the mortgage protection market, with changes being most effective for non-smokers aged 30 to 40 with terms of more than 25 years. There is average fall […]

Swiss Re buys Windsor Life in £333m deal

Swiss Re, the world&#39s biggest life and health reinsurer, is buying Windsor Life and its life office consolidator parent Life Assurance Holding Corporation for £333m in cash. The Swiss firm&#39s Admin Re closed book operation will take charge of the running of more than 800,000 Windsor Life policies with total assets of £5.2bn. Swiss Re […]

Standard bond platform to offer 30 external funds

Standard Life is introducing a single-premium bond platform with up to 30 external funds available from across its Sigma range and its SLI/Wilshire Associates manager of manager offering. The company is also understood to be talking to technology partners about options for upgrading its online offering into a fully blown wrap proposition. The single-premium bond […]

Aye aye, cap&#39n

Not everyone wore boaters, blazers or chiffon at Henley Regatta this season. Invesco Perpetual was helping a group of well-soaked hacks to refreshments outside a Thames-side hostelry at the swanky event last week when along sailed a launch piloted by an elderly gentleman wearing nothing but his captain&#39s hat. However, such is the Pimms-numbed haze […]


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