Legal & General in union talks over redundancies
Insurer Legal & General is cutting its sales and marketing force by 70 people from 160 to 90 as it prepares for the retail distribution review, Financial Adviser has learned.
It is understood that, regardless of job title, everyone across the platforms and distribution arm, part of Legal & General’s non-tied division, is being asked to reapply for 90 remaining roles.
It is understood that everyone across the platforms and distribution arm, part of Legal & General’s non-tied division, is being asked to reapply for the 90 remaining roles.
A spokesman for Legal & General said: “To ensure we have the best set up to service our clients in platforms and distribution after RDR, we are consulting with our trade union, Unite and MCF - our internal body, which represent management-grade employees - on potential organisational changes to the sales and marketing teams.”
It is understood this is just the start of the consultation process, which may take some weeks.