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Jobs going at insurer

Aegon shedding sales staff in shift of strategy

AegonInsurance giant Aegon UK is cutting its salesforce in a shift in strategy.

Staff in Edinburgh were called into a meeting yesterday where they were told about changes in they way the team will operate. It is likely that 30 of the 100 jobs will be lost.

An Aegon spokesman said: “We’ve always been very clear that digital is the way forward and that our focus is on growing the business through our platform.

“The platform remains our long-term strategic priority and we have implemented a new operating structure to support this. We are focusing our sales team behind the platform and unfortunately a number of roles will go in this process.

“Like any successful business we need to continue to evolve and the changes we’re making will help accelerate our growth.”

The firm said it hoped to redeploy affected staff in other areas of the business but could not say how many people would be retained.

Aegon’s Q3 results revealed a 12% fall in underlying pre-tax earnings as it continued to be affected by the retirement reforms.

In September, it emerged the Aegon Group, headquartered in the Netherlands, wants to sell its UK annuity book.

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