Aegon is cutting its sales force and support roles by 160 with immediate effect and will be closing all six regional sales centres over the next six months.
The life company made the announcement to staff in a meeting today. All regional office will be closed for today in order to conduct individual meetings, and will re-open tomorrow. Aegon managing director of retail Duncan Jarrett, said: "The distribution structure has served us fantastically well in the past, but we must evolve to provide for the adviser community, helping us to strengthen and develop profitable relationships for the future." Aegon said the reshuffle was brought about by a move to focus on its core markets of workplace savings and at-retirement through its Aegon Re...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
