The Standard Life Assurance Company of Canada announced today that it is consolidating its retail distribution network with three regional centres in Vancouver, Toronto and Montreal, complemented by several satellite offices around the country.

“This is positive news for our sales partners as this offers a consistent approach to doing business with Standard Life regardless of the distribution network, the products and services provided or the geographic location. We are building on the value-added services we currently provide our advisors and we will be announcing more details this fall,” said Alain Brunet, senior vice-president, retail markets.

“Standard Life provides targeted financial solutions and services in the pre- and post-retirement markets, and this new structure will help us achieve this efficiently and effectively,” said Joseph Iannicelli, president and chief executive of Standard Life Canada. “Consolidating our sales forces will open up opportunities for further strengthening our relationships with distributors through a wider product offering.”

To lead the new sales structure, Jordy Chilcott has been appointed vice-president, sales, retail markets, said Brunet.

Standard Life’s retail product line-up includes a wide range of individual investment and retirement products, including annuities, guaranteed funds, segregated funds and mutual funds as well as protection products such as universal life insurance, critical illness insurance and term insurance.