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 Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter