You are here: Home - News -

Standard Life confirms 139 job cuts

by:
  • 21/11/2012
  • 0
Standard Life confirms 139 job cuts
Standard Life has confirmed it is to cut 139 jobs from across its business.

The firm said big regulatory changes – including auto-enrolment and the Retail Distribution Review – would change the way customers, advisers and employers engage with providers.

Standard Life said the job cuts would come from within its UK IT and change, customer and marketing, adviser and investments and workplace divisions.

It said it was focused on growing its business in key markets but that growth must be “supported by a flexible operating model to ensure continued success in the years ahead”.

Paul Matthews, chief executive, UK and Europe 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.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
HM Revenue brass plate
HMRC hunts taxes from directors of Britain’s biggest firms

HM Revenue and Customs (HMRC) is stepping up its investigations into taxes potentially underpaid by the directors and senior executives...

Close