Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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 Insight's Waddington reveals infrastructure plays post-Carillion

Insight's Waddington reveals infrastructure plays post-Carillion

Post-Carillion Steve Waddington is still finding attractive plays in infrastructure.

1 Comment Play Mark Stevenson: oil is the dumbest place to put your money

Mark Stevenson: oil is the dumbest place to put your money

Futurist Mark Stevenson says that investing in oil is not just a risk to the environment but also your investment.

Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter