Standard Life confirms 139 job cuts

The firm said big regulatory changes - including auto-enrolment and the Retail Distribution Review - would change the way customers, advisers and employers engage with providers. Standard Life said the job cuts would come from within its UK IT and change, customer and marketing, adviser and investments and workplace divisions. It said it was focused on growing its business in key markets but that growth must be "supported by a flexible operating model to ensure continued success in the years ahead". Paul Matthews, chief executive, UK and Europe said: "A lot of great progress has be...