Transamerica has Laid Off 20-Plus VA Wholesalers: Report
September 1, 2017 by Greg Shulas
This updated article first ran Thursday morning as a breaking news alert in Life Annuity Specialist.
Transamerica has laid off 20-plus wholesalers who support variable annuity distribution, the retail fund industry trade publication Ignites reported Thursday, citing industry sources.
In a statement to Ignites, Transamerica said it made adjustments “to better align our resources and enhance efficiency within the organization.” The business unit of Dutch-based Aegon declined to give numbers on the current and previous wholesaling team within their organization, Ignites reported. Transamerica added that it would “continue to align” its structure to “enhance our ability to strengthen the relationship with our customers and distributors,” the publication reported.
Click HERE to read the full story via Life Annuity Specialist.
