Friends Life confirms staff jobs under threat

There are 140 employees at Spring Gardens and 155 in the Basingstoke office. A Friends Life spokesperson confirmed some, but not all, of the 295 jobs involved are at risk, and added a definite number of posts under threat cannot be revealed before the insurer has consulted internally on the roles. The Basingstoke office undertakes the corporate pensions business acquired from Axa last year, which is currently being migrated onto the Friends corporate pension platform, New Generation Pensions (NGP). Friends Life's Manchester presence, which includes its old office at Spring Gardens ...