Axa Wealth restructure puts 50 jobs on line

The company said it is transforming its distribution and adviser support divisions from a sales approach associated with the workings of a traditional life company towards a consultancy model ahead of the retail distribution review (RDR). An Axa spokesperson said around 50 sales jobs are at risk, including a reduction in the number of regional sales managers from nine to five. Staff will be consulted later today. Axa Wealth said the restructure has been implemented to evolve the business in line with the "unprecedented levels of change" the industry has seen over recent years and tail...