The reorganisation is a response to developments in the UK financial services market, particularly in terms of distribution of products.
The majority of the job losses will involve support staff in branch offices around the UK, with between 50 and 60 redundancies in Edinburgh.
Standard Life also says 19 new positions have been simultaneously created. Standard Life sales managing director Nathan Parnaby says the changes form part of the process of building a competitive sales force focused on servicing intermediaries and customers.
Standard Life Scott White head of public affairs sys: “These cuts form part of the well-documented efficiency -drive from Standard Life. “