Page last updated at 16:07 GMT, Wednesday, 25 February 2009

Standard Life cuts 195 sales jobs

Standard Life offices
Sales job losses blamed on changes in way products are sold

Standard Life has announced 195 job losses, blaming changes in the way financial products are sold.

The Edinburgh-based insurer said 34 sales jobs would go in the Scottish capital and 13 more in Glasgow.

The biggest cuts will be in Bristol where 69 will go, with 13 of the posts transferring to Edinburgh.

The company said changes in the market for financial advisors were behind the decision, but service levels would not be affected.

Twenty two posts will be lost in Watford, 18 in Leeds, 14 in Cambridge, 10 in London and 8 in Manchester, the company said.

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