View more on these topics

GE Life axes DSF in IFA-only move

GE Life is closing down its direct salesforce, which sells equity-release income plans, to distribute solely through IFAs.

It says it has made this move as planning for income retirement is a complex area where people need advice to get the best from their assets and its salesforce of 30 only accounts for 10 per cent of its distribution.

The life office is also closing its head office in Dorking following its integration with National Mutual in April to move to Hitchin, Hertfordshire.

There are 200 staff in Dorking and GE Life says it hopes there to be job opportunities for them in the new office but admits there may be some losses although it cannot yet say how many or who will be hit.

GE Life managing director David Evans says: “We are consolidating all head office operations in Hitchin. We have already established five regional offices, and focusing on one head office in Hitchin, which offers better facilities than the offices in Dorking, and will allow us to become a more tightly focused business.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com