Union brands Aegon sales cut 'devastating'

Laura Miller
clock

The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".

Yesterday Aegon announced that it would be cutting 160 sales and support roles with immediate effect and will be closing all six regional sales centres in the next six months. Commenting on the news, Aegis general secretary Brian Linn said: "This is devastating news for our sales community. "While we understand the business, economic, technological and regulatory drivers for change, we are focusing on how we can best support our members at this difficult time. "We will continue to work with the company and our members throughout the consultation period to identify as many redeploymen...

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 Wrap/platforms

What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read
Advisers predict platform consolidation amid competition concerns

Advisers predict platform consolidation amid competition concerns

Research from Scottish Widows

Jenna Brown
clock 20 April 2026 • 3 min read
Aberdeen Adviser takes control of Wrap client servicing from FNZ

Aberdeen Adviser takes control of Wrap client servicing from FNZ

Part of simplified operating model

Jenna Brown
clock 14 April 2026 • 2 min read