Standard Life set to cut 70 roles

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Standard Life is set to cut 70 job roles from its Edinburgh IT department.

The investment firm hopes to meet the target through voluntary redundancy, according to the BBC.

The headcount drop is meant to improve how Standard Life services customers, reacts to market needs and “delivers technology”.

Standard Life chief information officer Mark Dixon says: “We believe this new model increases our ability to offer the best service to all customers of Standard Life, allowing us to react to market demand and to flex our support to meet their needs.”