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Accountants and advisers RSM Tenon said it will not offer any new tax efficient products through its Specialist Tax Service following the government's anti-avoidance crackdown in the most recent Budget.
Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for Retail Distribution Review (RDR) implementation.
Advisory and accountancy group RSM Tenon has confirmed significant losses for the first half of its financial year, signalling a round of job cuts as it seeks to deal with rising costs.
Other interim results articles
Ageas Protect has seen its protection business almost double over the first three quarters of the year although it is yet to reach profitability.
Group protection business at Friends Life dropped by more than half in the third quarter of the year while individual business slipped slightly compared to the previous three months.
Swiss Re has reported a 118% increase in net income in the third quarter.
Aviva has seen a slight uplift in its protection sales over the third quarter as it continues its attempt to dominate the market.
Bright Grey and Scottish Provident have bucked an 18 month downward trend as new business revenue and applications jumped significantly over the third quarter of the year.
Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.
Start up income protection provider, British Friendly, has announced its new business figures for its first six months of trading.
Ageas Protect has almost doubled its income and nearly halved its loss over the first six months of the year.
Friends Life has revealed it is developing a simple protection product to target new distribution methods.
Bright Grey and Scottish Provident have reported steep falls in new protection business over the first half of the year.
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