redundancies

My client Dave has very little disposable income. He is employed, but having seen friends made redundant through the recession, he has been spooked about his financial instability, although he has no indication that his job is at risk. He is single with...

Aegon's head of annuity sales, Mark Cardy, has been made redundant as part of a restructure of the group's sales teams.

Around 1,000 adviser jobs will be lost in 2010 as firms seek to make their business more profitable, according to Plimsoll.

The number of UK firms planning to make staff redundant has fallen, according to a report from the Chartered Institute of Personnel and Development (CIPD).

UK sub-prime lender Cattles has said it may cut as many as 510 jobs at its Welcome Financial Services subsidiary.

Lloyds Banking Group is to cut a further 1,200 jobs with the company's insurance and IT arms expected to bear the brunt.

Ignis Asset Management says it may cut up to 35 Glasgow-based staff across all business operations, including fund management.

F&C Asset Management will cut between 60 and 100 jobs under plans to reduce its cost base by 10%.

Gartmore's fixed income co-head Karl Bergqwist and UK Focus fund co-manager Ashley Willing are likely to leave the firm following discussions with the company this week.

Gartmore has made its head of asset manager sales Simon Clark and head of strategic partners Julian Hince redundant, IFAonline understands.