Aegon makes more cuts to UK business

first_img KCS-content whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULL DUTCH insurer Aegon will close two more operations in the UK and cut jobs to improve profitability in its fourth-largest market.Aegon, which warned in June it planned to cut 25 per cent of its British costs in the coming year, said it will close its third-party pension administration and employee benefits software businesses.The divisions currently employ 89 people in London and Cheshire, but the firm said it would not decide on job cuts until it had consulted with trade unions. A spokesperson for the company could not say how much the closures would save the company, but said that before today’s announcement the firm had made £22m savings out of a £80m target before the end of 2011. Aegon earlier this month announced a reorganisation of its British sales division, which will cost 106 jobs. The firm said in yesterday’s statement that more senior roles face the chop in its surviving UK business, which includes life insurance and protection operations and Guardian Financial Services.Aegon is one of the top life insurers in the United States, where it owns Transamerica. Aegon makes more cuts to UK business Tuesday 28 September 2010 10:31 pm Share last_img

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