Aviva plans to cut 1,500 UK jobs

Aviva plans to cut up 1,500 jobs by the end of 2017 after acquiring pensions company Friends Life.

The company would not specify the locations or roles that would be most affected by the cuts.

An Aviva spokesperson said: “Aviva expects to deliver approximately £225m of annual savings by the end of 2017. This may result in a reduction of approximately 1,500 roles from across the enlarged Aviva Group of approximately 31,500 people. We appreciate that this news may be disconcerting for employees and we would look to ensure that any redundancies are kept to a minimum wherever possible, by using vacancies and natural turnover, for example.