| The advisers had their contracts terminated in the summer as part of a CFS reorganisation that affected 2000 advisers around the country and led to the closure of the firm’s Glasgow and Edinburgh offices.
The CFS claimed the changes were necessary to meet customer needs and to help the company become more successful.
Employees were told they had until October 7 to reapply for their posts under the new conditions. Today, the CFS said over 90% of financial advisers had agreed new terms with the company.
As a result, representatives from the company and union USDAW met yesterday for further talks on the new “field sales model” and agreed it was in the best interests of union members to end the dispute.
A spokesman for the company said CFS and USDAW have agreed to establish a working party to allow them to monitor progress and review the field sales model over the next six months.
USDAW members will be balloted on the issue next week, with a recommendation from the union to accept the agreed approach. |
