Head of Business Brain John Joe McGinley left Aegon at the end of 2014 as part of a broader reorganisation of how the insurer interacts with advisers.
A spokesman says: “Like any good business we continue to evolve, which means we strengthen in some areas, while rationalising in others. This will, on occasion, lead to changes in staffing needs. This most recent review is part of our ongoing programme for 2014 to better meet the evolving needs of both customers and advisers.
“A small number of staff from different functions left the business at the end of last year. In 2014 the overall headcount increased by more than 150 as the business brought in staff to meet new challenges.”
The spokesman adds that, following the closure of Business Brain, adviser facing services will be provided “through existing channels and also new ones”.