Aviva to close three offices as merger cuts bite

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Aviva will close three offices following the integration of Friends Life, amid plans to save £225m in costs by the end of 2017.

The insurer, who bought the Friends Life business last year, will shut two Friends Life offices and one of its own over the next 18 months. The closures will be in Salisbury, Stretford and Salford.

Aviva also plans to reduce its presence in Exeter, Dorking and Manchester as it cuts staff by up to 1,500 people, as it announced earlier this year.

An Aviva spokesperson says: “We have previously said that we expect to deliver approximately £225m of annual savings by the end of 2017 as a result of the Friends Life acquisition. Savings are expected to come from a number of areas, including simplifying the business and reducing property costs.”

The company’s headquarters will remain in London and its core locations will be in Bristol, Norwich, Perth, Sheffield and York.

“The changes will happen between now and the end of 2016 and we will look to minimise the impact by offering redeployment opportunities where possible,” added a spokesperson.