Aegon axes 213 life and pension roles

The company is aiming to reduce operating costs by 25% by the end of 2011 and is axing 213 roles across the areas of marketing, IT and personal assistant support staff. At the same time, Aegon announced it is in negotiation to outsource the areas involved in managing inbound and outbound documents within the business. Once completed this will mean 106 staff are transferred to the new supplier company Océ. Aegon UK chief executive Adrian Grace said: "This is a challenging time for our people and our business but achieving a lower cost base is essential to ensure Aegon remains a strong ...