Insurer Legal & General (L&G) said it is ready to deliver a restricted advice solution for its distribution partners after announcing an increase in half-year profits.
The group said it had secured distribution relationships with a number of key partners and now has sole tie deals with more than 75% of the UK building society sector, across some 1,100 branches.
It said it believes building societies are well placed for the "efficient provision" of financial advice following the implementation of the Retail Distribution Review (RDR) at the end of the year.
It also said it is confident these services can be extended to a wider restricted advice market which it predicts will probably grow post-RDR.
It comes as Legal & General said it had boosted operating profits to £518m in the first six months of the year, up 5% on the same period in 2011. Profit before tax on an IFRS basis was £525m, up 11% on last year.
Net flows into L&G Investment Management were up 33% to £4bn in H1, it said, while protection gross premiums rose 9% to £672m during the same period.
Nigel Wilson, group chief executive, said: "These results evidence the quality of our model.
"Our financial and strategic discipline creates confidence in complex and chaotic markets. In spite of economic conditions, we continue to grow. We have strong businesses, and social and economic challenges bring opportunities which we intend to pursue at a faster pace."