The move will see the workforce being cut from 160 to 90 and will affect sales and marketing roles across the insurer’s platform and distribution arm.
Additionally, as part of the restructure, all those currently working in L&G’s platform and distribution business will have to reapply for the remaining roles.
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A spokesman from L&G remarked: "To ensure we have the best set up to service our clients in platforms and distribution post RDR, we are consulting with our trade union Unite and MCF, our internal body which represents management grade employees, on potential organisational changes to the sales and marketing teams."
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