Norwich Union is to make a raft of changes to its life insurance legal team after its budget was cut by 20%. The cost-cutting measures, which are part of wider initiative led by parent company Aviva, will see the company separate its legal department from its investment helpline team, reducing the legal headcount from 72 to 43.As part of the overhaul, the company is set to merge its legal bases in Norwich and York Around nine staff, including five lawyers, are expected to be affected, with some likely to take early retirement. The legal team staff in Southampton is expected to be unaffected by the move.
November 10, 2008 at 09:00 AM
1 minute read
The original version of this story was published on Legalweek
Norwich Union is to make a raft of changes to its life insurance legal team after its budget was cut by 20%.
The cost-cutting measures, which are part of wider initiative led by parent company Aviva, will see the company separate its legal department from its investment helpline team, reducing the legal headcount from 72 to 43.
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