AFFS says it intends to focus its resources on front line client servicing and sales and is planning to rationalise a number of support functions. As a consequence Marlow will be leaving the company and will not be replaced. The firm has also entered into a consultation with some employees in support roles which it anticipates will lead to a number of redundancies.
Marlow has been with the firm for over five years, after overseeing marketing at The Bureaux.
Grant Stobart, chief executive of AFFS says: “Changing market conditions have meant that some of our clients have reduced the number of new entrants to their pension schemes and are deferring spending decisions. By taking decisive action now we will ensure that our business is well positioned to capitalise as conditions improve.
“I am very proud of our people, who have enabled us to deliver above average growth in recent years. In particular, I would like to record my appreciation for the contribution of David Marlow, who has led our successful marketing team with commitment and diligence.”
Marlow says: “I have enjoyed my time with Alexander Forbes and contributing to the company’s success. This is an entirely amicable parting of the ways and I wish the company continued success both now and in the future. I am taking this opportunity to complete further professional qualifications while seeking a fresh challenge in the financial services market.”
