Standard Life disbands acquisition transition team at advice arm 1825

According to Standard Life, the functions of the team have been incorporated into other areas of the business.

The last acquisition 1825 announced was the London-based firm Cumberland Place at the start of this year.

It has been reported that the transition team comprised of around five people who have been offered redundancy or the chance to apply for other roles in the company.

A Standard Life spokeswoman said the company would not comment on the staff moves but confirms it has restructured the team.

She said: “Following the successful completion of a number of acquisitions we have simply embedded our transitional activities into business as usual process.”

The company says the restructure does not signal a change in strategy and it is continuing to consider acquisitions.

The spokeswoman added: “There’s been absolutely no change to the strategy and ambition and we continue to engage with any firms we think will be a successful part of 1825.”

“We remain fully committed to growing 1825 and ensuring it is set up in the best possible way.”