50 employees to be axed for £4m annualised cost saving
CEO Mark Weeks to remain
Standard Life has proposed to cut 95 members of staff from its UK customer service department.
Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.
Workers who delay boosting their pension pot until the last ten years of work could be risking their retirement as more than 25% of the over-55s are out of jobs due to illness or redundancy, according to Aviva.
The FSA has paid £881,738 in redundancy and severance compensation to senior executives and directors since July 2007, although none have been dismissed grounds of capability or conduct.
The number of non-retired women with no pension has taken a 7% leap over the past year, according to research from Barings Asset Management.