Workers at Axa Wealth's Basingstoke and Bristol bases are facing possible job losses following the firm's acquisition by Phoenix Group last year.
Phoenix bought Axa Wealth's pensions and protection businesses through its subsidiary Pearl Life for £375m in May 2016. A Phoenix Group spokeswoman said: "We are currently in consultation with a small proportion of the former AXA Wealth staff based in Basingstoke and Bristol so cannot confirm the exact number of job losses. "What we can say at this stage is that a large majority of the staff will be moving over to our outsource service partners which includes Diligenta to ensure we retain their experience and expertise." In September last year, Phoenix also bought closed-book prov...
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