Friends shuts door on 500 sales staff

By Patrick Hosking
Updated: 00:00 BST, 1 October 2003

?

FRIENDS Provident is axing its sales staff with the loss of 500 職業s. The life assurer will の近くに the direct sales 軍隊 because of rising costs and the changing regulatory 政権.

About 380 sales staff across the UK will lose their 職業s. S ome の中で the 300-strong support 職員／兵員 will also be made redundant. Up to 200 will be 申し込む／申し出d positions as 代表者／国会議員s on a self-雇うd basis.

Managing director Ben Gunn said: 'It was a difficult 決定／判定勝ち（する）, but financially the 利益s to the group look pretty （疑いを）晴らす.'

Prudential, Pearl and Britannic have 捨てるd their direct sales people in 最近の years. The Friends sales team 生成するd 6.5% of the group's life and 年金 sales last year. It was created about 12 years ago.

The FTSE 100 company will rely on 独立した・無所属 財政上の 助言者s and an 大きくするd team of 任命するd 代表者／国会議員s, already 600-strong, to sell 製品s.

The polarisation 支配するs, which made a distinction between 独立した・無所属 助言者s and tied スパイ／執行官s, are 存在 取り去る／解体するd.

支配するs 限界ing 料金s to 1% of 基金s under 管理／経営 in some 製品s have 軍隊d life companies to 削減（する） costs.