Alexander Forbes Financial Services is set to make a "limited number" of support staff redundant following a downturn in the corporate pensions market.
The financial adviser said it was planning to "rationalise" a number of support functions and focus its resources on front line client servicing and sales following a detailed review of its business. It said marketing director David Marlow would be leaving the company and there were no immediate plans to replace him. And it added it had entered into a consultation with some employees in support roles which it anticipated would lead to a number of redundancies. Alexander Forbes Financial Services chief executive Grant Stobart said: "Changing market conditions have meant that some of ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
