View more on these topics

Pearl to merge Phoenix and Pearl divisions- up to 300 jobs at risk

Pearl has announced it is to merge its two life divisions, Phoenix and Pearl, in a move that could affect up to 300 staff.

The group’s Glasgow and Peterborough offices will be scaled down with the bulk of the operations transferred to the group’s site in Wythall near Birmingham. It says it will retain its corporate office in London.

A Pearl Group statement says: “The number of roles lost is likely to be near 300 across Peterborough and Glasgow and the Company would be very disappointed if it was above that.”

Pearl Group says it has combined its two life divisions in order to create a more integrated and sustainable business model.

Pearl Group chief executive Jonathan Moss says: “We need to build a business which is vibrant and efficient both today and into the future. This move helps us do this by creating a single main site of scale.”

Recommended

Matter of principle

One common complaint we hear from some parts of this profession is that retail financial services is over-regulated. It is an easy accusation to make. Principles-based regulation appeals enormously but only if it reduces the burden of regulation rather than replacing the rules-based regulation with which we are all familiar.

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