Aegon to close half its sales offices and cut 106 jobs

'We acknowledge the economic and regulatory drivers for this change. However, the news that six out of twelve regional sales centres are to close has come as a major shock to our members.'

'We remain committed to supporting our members at this difficult time,' he added. 'We will continue to work with the company throughout the consultation period to identify as many opportunities as possible for those directly impacted.'

Further details about the restructure are to be announced later in September.