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Britannic staff face cuts after Cornhill deal

Britannic Assurance is cutting up to 350 jobs after striking a deal with Cornhill Direct to outsource its home insurance businessand centralising its admin.


According to the insurer, general insurance products were not a core part of its product range and the partnership with Cornhill will allow concentration on its life and pensions business.


Britannic also says since advisers have used laptop technology the need for branch admin has diminished.


Britannic spokesperson Hugh Fraser says: “We are currently working with our staff and their unions on the cuts, but 350 losses will be the absolute maximum.”


He added it was not yet known if compulsory redundancies would be necessary.

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