Aegon to cut more than 200 jobs

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Insurance and pensions company Aegon has announced it is to drop a total of 213 jobs from its UK business as part of a restructure that will see it reduce its operating costs by 25% by the end of this year.

The losses will be in its marketing, IT and support staff departments at its Edinburgh headquarters and in offices near Blackpool.

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 and successful business in the years ahead.

 

“The changes we’ve announced today mean we remain on track to meet our cost saving targets by the end of this year.”