View more on these topics

Zurich looks to cut admin and support roles

Zurich-Building-700x450.jpg

Zurich UK Life is looking to cut administration and support roles as part of a restructure of its retail sales team.

The provider says it anticipates reducing the number of roles by 29 and has entered a consultation period with those affected.

Zurich says it also plans to “streamline” some of its management functions with the aim of realigning resources to focus on its key areas of protection and wealth.

It says the face-to-face teams that are directly responsible for managing relationships with advisers will not be affected.

A Zurich spokesman says: “Making these decisions is never done lightly or easily and we appreciate this is a very difficult time for those affected by the proposals.

“The proposed changes, which are subject to consultation, are designed to streamline our structure and mainly impact support and administrative roles.

“Specifically, our face-to-face sales teams who are directly responsible for managing the personal relationships with advisers are not impacted by these changes.”

Zurich has 550 staff in its retail business, but refused to say how many work in administration and support.

Recommended

UK-Currency-Money-Coin-Pounds-GBP-700x450.jpg

UK inflation turns negative

UK inflation slipped into negative territory again in September, driven by the falling price of food and reduced motoring costs. The 12-month Consumer Prices Index inflation rate dropped to -0.1 per cent in September, down from 0 per cent in August. It is the second time the Office for National Statistics has reported negative inflation […]

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg
1

Arck boss handed 10-year sentence for £50m fraud

Former Arck partner Richard Clay has been sentenced to 10 years and 10 months in prison for his part in a £50m fraud. His fellow ex partner Kathryn Clark was handed a two year suspended sentence. In December 2014, Clay pleaded guilty to three fraud charges following a joint investigation by the Serious Fraud Office […]

Looking at the bigger picture of workplace wellbeing

In the final week of our Workplace Wellbeing month, we look at the bigger picture of total wellbeing. Our recent Working Well survey shows that employers are increasingly seeing the importance of other areas of wellbeing – including fostering strong social ties and community involvement – to their employees living healthy and productive lives. We also noted a rapid rise in the number […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would lover to hear your opinion too.

  1. Having never met anyone from Zurich face to face, I don’t have much of a relationship with the company. Cuts to its admin and support teams are hardly likely to encourage me to make the effort to establish one. I’ve not even seen anyone from Skandia/Old Mutual face to face for longer than I can remember, though at least that company’s admin and support personnel are pretty good.

Leave a comment