TOWER will be looking for new roles for just over a third of its life insurance staff once the business is in the hands of Fidelity Life.

A form produced by the Financial Services Council for advisers to use when clients want to replace their risk policies is irrelevant, says the president of the Institute of Financial Advisers.

Partners’ Life’s managing director Naomi Ballantyne  has brushed off suggestions that there is more to the company’s restructure than a slowdown in medical insurance commissions.

Changes to the way medical insurance commission is paid have led to the loss of eight jobs at Partners Life.