The bullets alone really do help separate one link from another. Especially on mobile where one can not "mouse over" a hyperlink to figure out how many lines it folded onto and where the next new hyperlink actually starts.
I think that is "Rob"s best reasoning for adding bullets.
You probably don't need so much padding around the headers that separate each bullet list. I think that padding looks more dramatic on desktop than mobile since on mobile you have the bullet heading name and the bullets aligned more closely together.