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.”