Fidelity cuts IFA sales team jobs in restructure

Fidelity Worldwide Investment has cut a number of jobs across its IFA sales team, Investment Week can reveal.

The group - which hired Russell Lancaster at the start of 2013 as retail sales director - has moved to restructure its 15-strong IFA-facing sales team, reducing the amount of staff working across the country. The business previously segmented its IFA sales team across seven regions in the UK, but is understood to have now cut this down to just three regions. As a result, there has been a number of redundancies among the IFA-facing sales teams. No senior staff members are thought to have been affected. A spokesperson for Fidelity said: "In response to the changing landscape as a ...