100 redundancies at AXA Wealth

AXA Wealth announced yesterday approximately 100 redundancies across the business as a result of the completion of Retail Distribution Review (RDR) delivery, stabilisation of the Elevate platform and the largely completed separation from Friends Life.

Whilst AXA Wealth is performing well compared to its competitors, the market remains challenging, as some individuals hold off investing in uncertain economic times.

Unite in AXA have been fully consulted about the changes to the business and has worked with the company to minimise the impact on staff, especially the number of compulsory redundancies, through redeployment and voluntary redundancy opportunities.

Any member impacted should speak to their local union rep about any concerns they may have or if they need advice.

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