Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Standard Life axes 139 jobs

Standard Life axes 139 jobs

Standard Life has cut 139 jobs across its UK and Europe business.

The changes follow the announcement made in August, in which Standard Life outlined the new operational model for the business.

Paul Matthews (pictured), Standard Life UK and Europe chief executive, said: 'A lot of great progress has been made getting Standard Life ready for the retail distribution review and pensions reform. These initiatives significantly change the way customers engage with us.

'Our current model and structure has to change to meet the changing demands of this new world where customers will want to interact in different ways for different products.  The changes being proposed today fundamentally change how we’re organised so that our customers can have a greater experience with Standard Life.'

In August Standard Life announced an overhaul of its UK business including the creation of an advisers and investments business unit.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter