L&G job cuts hit pension staff

Yesterday, it was revealed L&G had started a consultation process involving a nationwide review of the company's support functions which would lead to between 250 and 450 redundancies. L&G says pensions would be a key area of its "drive for efficiencies". "In a framework in which we are trying to drive for efficiencies, pensions is one of our key challenges," a spokesperson says. "We would be looking to be able to provide a more streamlined high quality service levels to our pensions customers and clients." In an internal email sent to employees on 23 February 2008 the company explain...