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Networks will look to evolve

DBS and Bankhall say their non-regulated networks will remain despite mortgage and general insurance advice becoming FSA-regulated but will evolve to suit the regulation.

Bankhall says its Point One mortgage network, launched in September, will carry on and ensure members have the right business processes in place to cope with the regulation when it is implemented in 2004.

DBS is proceeding with the planned launch of a network in the new year, intended to make the process easier for members transacting term insurance. It will be no longer labelled a non-regulated network and a more relevant name is to be decided.

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