Focus on platform business sees up to 15 Aegon roles go

Over the past few days, the Dutch-owned life and pensions company has been in consultation talks with staff and the trade union over potential redundancies in the marketing department.

It is understood that between 14 to 15 roles will disappear, out of a team of roughly 150 people. No senior roles are understood to be at risk.

However, this is not as a result of cost-cutting, which has been behind some of the redundancies in the past four years, but part of a plan to redirect talent towards core and growth areas of the company.

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The past 24 months have seen a shift in direction for Aegon UK, after chief executive Adrian Grace stated on being promoted to the role in 2011 that the company was going to focus on key areas, which included the at-retirement market.

Since then, Aegon UK has introduced the Aegon Retirement Choices platform, embarked on a hiring spree in 2013 to bring people on-board to grow the platform business and divested its advisory distribution arm Positive Solutions to the Intrinsic network.

A spokesman for Aegon UK said: “Like any good business we continue to evolve, which means we strengthen in some areas, while rationalising in others.

“This is simply good business practice. Last year we announced a recruitment drive for approximately 200 roles within our platform centre in Edinburgh and this drive continues.”