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First Assist white-labels protection products for Advent

First Assist Insurance Services has secured a five-year contract to provide white-label short-term income protection and mortgage payment protection insurance products to Advent Solutions Management.

The deal is to provide the underwriting and claims capacity for new business only until 2014.

The products will be sold through Advent’s adviser web based platform, GISecure, with a view of also selling the products direct to consumers via affiliate websites in future.



FSA fines broker £70,000

The FSA has banned London mortgage broker Grace Nmadibechi Ada Ukala and fined her £70,000 for knowingly submitting false and misleading mortgage applications.

Gross mortgage lending up 26%

Gross mortgage lending totalled an estimated £16bn in July, a 26 per cent increase from £12.7bn in June, according to the Council of Mortgage Lenders.


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