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.