Standard Life is to close five IFA support offices across the country as part of a £11m cost-cutting exercise, according to internal documents seen by The Scotsman.
The offices are located in Aberdeen, Ipswich, Norwich, Peterborough and Plymouth, the paper says, with redundancies set to be announced by 31 May. Other IFA sales offices will remain in place, but with significantly reduced workforces as the company is looking to cut at least 200 jobs the documents suggest. Some 40 job cuts will hit branches in the City, West End, Leicester, Newcastle and Liverpools, while offices in Maidstone, Sheffield and Telford will stop providing IFA support altogether, instead being turned into “Touchdown Centres”, which are not staffed. PRESSURE is mounting...
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