We're not cutting a third of IFA support staff - Standard Life

Peter Timberlake, a spokesman for the provider, says reports this morning suggesting Standard Life is to cut 53 IFA support staff do not reflect what the provider is actually doing. He says Standard Life is in fact creating 39 new jobs within a central IFA quotation office in Edinburgh and cutting back on 53 branch staff that currently provide the same service. In an effort to calm fears the provider is backing away from the intermediary market, Timberlake told IFAonline the provider’s decision to centralise its quotation functions has more to do with the way in which IFAs now obtain qu...