View more on these topics

Standard Life cuts 126 jobs from its IFA sales support team

Standard Life confirms it will be cutting 126 jobs from its intermediary sales division and sales-related support team.

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. “

Recommended

Bolton staying with BM Solutions

BM Solutions director of mortgages Michael Bolton confirms he is not leaving the lender after speculation he would be taking a post with Countrywide Financial.

Network Edge:Ken Davy

Networks are no longer adding value to IFA firms, rather they add costs and complexity while doing nothing to enhance the IFA’s adviser-client relationship. Networks are now proving to be the dinosaurs of the industry.

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