Redundancies at Y3S

Specialist broker Y3S Group is making a number of redundancies in its life insurance department.

Matt Cottle, director of Y3S Group, says 24 staff have been placed into consultation, with 19 redeployed into other Y3S companies.

Cottle says others are yet undecided and decisions will be made in the next few days, but he imagines there will be five redundancies altogether. 

He adds: “We are no longer selling life insurance and increasing staff numbers in our loans and bridging departments.”