View more on these topics

Standard Life makes further cuts ahead of RDR

Standard Life plans to cut 39 jobs and create 19 new roles as it continues its three-year structural reform programme ahead of the RDR.

The biggest changes will felt within the provider’s marketing business, with 17 people set to be made redundant and 15 new roles created.

There will be 16 jobs cut within Standard’s corporate and retail divisions, with 4 new roles created.

A further 6 roles will be made redundant in the firm’s risk division.

Standard Life UK chief executive Paul Matthews says: “We are 18 months into a three-year programme of transformation. We have made good progress, but much remains to be done. These latest changes are part of that journey and will help us become more effective and efficient.

“The investments we are making for the future are substantial and we must have the appropriate business model in place to support our continued success.  The next 12-18 months will be some of the most challenging our industry will face.

“Our priorities will continue to be on building a business that delivers value to our shareholders and supports the needs of our customers.”


ABI and CII reject year’s delay plan

The Chartered Insurance Institute and the Association of British Insurers have rejected the Treasury select committee’s call to delay the implementation of the RDR by a year. The TSC’s report on the RDR recommends that advisers should be given an extra year to comply with the RDR, including the requirement to achieve a QCF level […]

US announces delay to introduction of Fatca

The US Treasury and the Internal Revenue Service have announced plans to delay reporting requirements to comply with the Foreign Account Tax Compliance Act until 2014. Fatca requires any foreign financial institution to sign an agreement that they will provide the IRS with information on any US taxpayers they deal with. A 30 per cent […]

Gold shares outshine the real thing

According to Warren Buffett, all the gold in the world would form a 67ft cube worth $7trn. You can look at it, stand on top of it and declare yourself king, he says, but gold does not create value and therefore should not be a permanent fixture in a portfolio. Since the late 1920s, gold […]


Govt plans £10m auto-enrolment comms campaign

The Government will launch a £10m automatic enrolment communications campaign featuring TV and radio ads in January, Money Marketing understands. The Department for Work and Pensions’ ability to orchestrate a large-scale auto-enrolment awareness campaign was in doubt after its marketing budget was frozen as part of the comprehensive spending review in October. But Money Marketing […]

Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. Wesley Haslett 20th July 2011 at 2:38 pm

    Fast forward to July 2014
    Just got my bill from FSA for £40,000,000
    Apparently there are only 3 IFA firms still in business
    Well done Hannibal Hector remember to pocket your bonus before you join a bank
    What a pity we cannot prove that the FSA are hacking our phones then we could get shoot of this sorry lot but as they are a law onto themselves they would be immune from politicians who do not care that over 100,000 jobs are to go on the alter which is RDR

  2. Silly old Hector 20th July 2011 at 4:40 pm

    Of course this rather reinforces Hectors view that RDR will benefit consumers!

  3. Ah Mister Matthews, never a sign of regret about people losing their jobs. Maybe once you could at least say that it is unfortunate that it has to happen this way.

    Or do you care more about your appearance to the City rather than showing courtesy to loyal employees?

Leave a comment


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