Scottish Widows confirms 130 job cuts amid business overhaul

The provider said the 130 job losses were part of the reductions recently announced in Lloyds Banking Group's strategic update. However, it said about 45 new roles will be created in Edinburgh and Bristol, as part of the new structure. Scottish Widows said the new structure meets demand from intermediaries and employers for greater "specialised support" in a rapidly changing market place. The main changes include: Establishing a new corporate relationships team of more than 100 pensions specialists, developing relationships with both intermediaries and employers In the lead ...