Openwork confirms redundancies in cost-cutting drive

clock •

Multi-tie mortgage and financial advice network Openwork has made several redundancies, including mortgage relationship manager Karen Hedges, as part of a cost-saving initiative.

The group said a small number of roles have been affected by the review, which will see the network combine some support roles. Hedges leaves after working for the business for 33 years. "It was a bit of a shock," she said. "The market is challenging for everyone right now, but networks are all cost-cutting." Openwork said in a statement: "Our mortgage business will be a major focus for us in the coming years and protection will play a key role in our strategy in that area. "Combining some of the support functions is a natural progression for the business and will bring signific...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Holistic advice is the 'key' to disability support

Holistic advice is the 'key' to disability support

Accessibility issues to advice remain

Sophia Panayi
clock 07 October 2026 • 3 min read
Sentiment on the rise but 'calm may not last' as Budget looms

Sentiment on the rise but 'calm may not last' as Budget looms

According to Dynamic Planner’s Financial Happiness Index

Sophia Panayi
clock 06 October 2026 • 2 min read
SJP adviser academy welcomes 200 graduates

SJP adviser academy welcomes 200 graduates

Graduation ceremony held on Friday

Sophia Panayi
clock 05 October 2026 • 2 min read