Friends Provident reveals cost-cutting measures

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Friends Provident reveals cost-cutting measures

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02-01-2008, 10:11 AM

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Friends Provident reveals cost-cutting measures

Friends Provident, Britain’s fourth largest life insurer, is to shed 600 jobs throughout its business in the UK as part of a strategic review. Furthermore, the group is looking to offload 3 businesses worth a total of over £1 billion. They are F&C Asset Management, Lombard International and Pantheon Financial. Friends has been in trouble [...]

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