Skandia has cut its adviser sales team from 100 to 80 as part of a restructure. The firm says the restructure will see the sales division divided into two new types of role; wealth management consultants and development consultants according to Money Marketing.
Skandia says the wealth management consultants will work with advisers to identify areas to grow the business. The team will focus on fund management, investment solutions, retirement planning and protection.
Steve Powell was recently confirmed as the new sales director for the UK, reporting into Peter Mann, managing director for the UK
Head of sales for the South; Nick Jones, and a head of sales for the North; Gary Stirrup will report to Powell, who will also head up a strategic sales team and a specialist sales team, with Nigel Jefferies being appointed to the role of Head of Strategic Relationships.
Skandia UK sales director Steve Powell says: “The new 80 strong sales team will be nimbler and more effective, with a strong leadership team. Advisers will continue to receive dedicated, specialist support, and we are confident this new approach will provide unrivalled adviser support, something we will continue to be renowned for. “