Axa Bancassurance is to cut 70 adviser roles at Yorkshire and Clydesdale banks.
Staff were told news of the job cuts this morning, with the roles being cut at Yorkshire and Clydesdale branches in northern England and Scotland.
Axa Bancassurance is the arm of Axa responsible for growing its share of business generated by banks and building societies via strategic partnerships.
It entered into a partnership with Clydesdale and Yorkshire in 2008 which sees Axa control investment and protection advice.
An Axa statement said: "AXA has today announced changes to its Clydesdale and Yorkshire bancassurance structure resulting in a net reduction of around 70 roles across Northern England and Scotland.
"Those people affected have been briefed, and every effort will be made to keep redundancies to a minimum, through natural attrition, redeployment and re-skilling."
Regular reminders and updates
9 December 2019 deadline
Joe McDonnell joins as head of portfolio solutions (EMEA)
Adviser of the Year - South East
Fidelity Multi Asset CIO's outlook