Advisers reassured despite 1,400 NU job cuts

The insurer says it expects to lose 800 existing staff in the "business change and IT" sectors of the business, plus 590 contract positions. It says the "inevitable" losses are a result of moves over the last three years to simplify its operations and improve efficiency, which it argues are near completion. "Our service and commitment to advisers will not be in any way affected," a spokesman says. Norwich Union, soon to be Aviva, adds it expects there to be a reduction of 1,100 permanent roles by the end of 2009, but points out the "impact on staff will be minimised by natural turnove...