STANDARD Life is poised to slash almost a third of jobs from its independent financial adviser support unit, according to the Scotsman this morning.
The paper says the Edinburgh-based insurance giant yesterday announced the move to more than 50 affected staff, following a briefing to senior managers on Monday. It plans to cut 53 jobs from its IFA support team – 30% of the 177-strong department, which is spread throughout the UK. In an official "business guide" obtained by the paper, Paul Matthews, director of intermediary distribution at Standard Life, attributed the reduction to a fall in the volume of quotes requested. The group will form a centralised "sales quotes centre" in Edinburgh, with 39 new staff. Those facing redundanc...
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