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L&G ups Q1 sales by 3%

13th May 2009 07:20

Insurer Legal & General has reported a better than expected 3% increase in first quarter worldwide new business and a "modest" improvement in its IGD capital surplus from previous estimates. The company, which said yesterday it was cutting up to 560 jobs in its savings division, said worldwide new

Legal & General cuts 560 savings staff

12th May 2009 12:16

Legal & General is to cut up to 560 jobs in its savings division and has started consultations with staff over possible redundancies. Some 300 full-time workers and 260 contractors are likely to be affected by the cull, which is part of a 10% workforce reduction this year flagged up by chief execu

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