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Sales staff say they stand to lose out

Royal London&#39s salesforce is claiming that United Assurance&#39s salesforce

is getting preferential treatment on redundancy packages.

An MSF union spokesman says the Royal London management has intimated that

proposed voluntary redundancies would only be offered to United Assurance


But Royal denies it has said anything of the kind. It is making a takeover

bid for United.

It has already told its salesforce they must agree to new contracts

replacing commission with performance-related pay. Over 90 salespeople

refused to sign and were sacked.

Royal&#39s salesforce was taken off the road last year for retraining for six

months at a cost, the MSF says, of £15,000-£20,000 per salesperson.

The MSF spokesman says: “Royal London sales staff have been told by

management there is nothing in the redundancy packages for them.”


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Technology investors are a funny old lot.No sooner have they sat and watched dotcom stocks plunge, mouse fingerpoised over the “Sell” icon on their screens, than they are posting upbeatmessages on investment bulletin boards saying: “Good time to buy.”Many of our investors are remaining upbeat about the technology sector.Their message is: “Look, we all knew […]


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