Aviva to cut up to 800 UK jobs

Aviva has said up to 800 jobs at its UK business are under threat as it continues to drive through cost-cutting measures.

The cuts will come as part of a strategic overhaul of the group conducted by executive chairman John McFarlane (pictured). The review began on 8 May, the day chief executive Andrew Moss stepped down after shareholders protested over pay levels. The insurer, which informed its 18,500 UK employees of the possible cuts yesterday, said last month it would reduce seek to reduce annual expenses by £400m by cutting the number of management layers within the group from nine to five. "The vast majority of our employees will be placed into roles with little change. Up to 800 roles could be a...