Axa UK plans to withdraw face-to-face financial advice in the branches of its UK banking partners the Co-op, Clydesdale and Yorkshire Banks.
The decision to close the service will result in the loss of about 450 roles. It said it had begun consulting with affected staff and unions. The company decided to withdraw the service following a strategic review into face-to-face financial advice models that would meet the needs of bank customers and the requirements of the new regulatory environment. Group chief executive, Axa UK, Paul Evans, said: "Axa UK remains a strong advocate of consumers being able to access affordable advice for their particular investment needs. "Following similar announcements by major retail banks, ...
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