View more on these topics

35 jobs may be axed as Widows reviews marketing

Scottish Widows has concluded a strategic review of its marketing operations which could bring up to 35 redundancies over the next two months, according to sources close to the provider.

Money Marketing understands the results of the review were presented to staff last week with the message that up to 35 jobs in its 180-strong marketing department could be lost.

Widows says it is premature to consider redundancies and is looking to redeploy staff.

It says there are currently 10 vacancies which will not be filled.

The review sees the focus of Widows&#39 marketing efforts changing from its distribution channels to a product-led approach which it says will better suit its customers&#39 needs.

Media relations manager Paula Sutherland says: “We are restructuring our marketing department away from a distribution channel-based set-up to a more product-related set-up. We want to align it closer with customer needs.

“Over time, this restructuring may result in jobs going but it is a bit premature at the moment to discuss that.

“We would try to redeploy people to other parts of the group and not fill existing vacancies before we considered redundancies.”


National Savings and Investments – Guaranteed Equity Bond (Issue 5)

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £2,000-£1m, £2m for joint investments Term: Five years Guarantee: Capital returned in full regardless of performance of index Return: Up to 65% of growth in index at end of term Interest rate: 3.25% gross a year until June […]

HSBC offers early release triggers on FTSE plan

HSBC is offering a structured product linked to the FTSE 100 which features a series of early release triggers which return investors&#39 full capital plus growth after three or five years.The capital and growth plan offers investors 100 per cent growth in the FTSE over six years, with the final return based on the average […]

&#39Pivotal ages don&#39t swing decision now&#39

Contracting out on the basis of pivotal ages is no longer justified because rebates are so low, according to Scottish Equitable pensions development director Stewart Ritchie.Ritchie told a packed audience at Money Marketing Live at London&#39s Olympia that cli-ents could still want to contract out on other grounds such as mistrust of the state meeting […]

Pru business vow

I have just read with disgust that some IFAs would even contemplate doing business with Prudential in the future.It is no wonder these big companies feel they can ride roughshod over us and get away with decisions such as the one made by Prudential if we do not stand united, take a stance and stay […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm