Standard Life to cut marketing jobs

Standard Life is to cut several marketing roles as part of a company-wide restructure that will see 139 jobs go across the insurance and investment business.

Standard life

About 10 jobs in the customer and marketing team are thought to be under threat and come as a result of the restructure announced in August.

The team brought together the marketing , retail customer relationship and private client management businesses under the stewardship of Stephen Ingledew. It is believed the cuts are an attempt to reduce duplication in responsibilities.

The customer and marketing team, however, is to increase in size from about 150 to 300 because it will swallow functions such as group digital.

Elsewhere, jobs are under threat in the adviser and investment division and workplace units.

Paul Matthews, chief executive of UK and Europe at Standard Life, says the changes will lead to better alignment between the company’s divisions.

He adds: “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 are organised so our customers can have a greater experience with Standard Life.”  

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