View more on these topics

Pru staff abandon strikes as insurer guarantees jobs

Prudential-Logo-700x450.jpgPrudential staff in Reading have abandoned plans for two 24-hour strikes after the insurer guaranteed it would find jobs for the 82 affected staff elsewhere in the business.

The first strike was scheduled for 16 September over proposals to offshore back office annuity work to Mumbai.

An indefinite work-to-rule that started on 31 August – where employees do not take on work beyond their job description or contractual working hours – has also been suspended while talks over the alternative jobs take place.

Unite regional officer Ian Methven says: “This welcome commitment to find alternative jobs for the people affected by the outsourcing of work to Mumbai has enabled us to call off our industrial action.

He adds: “We will now seek to work constructively with Prudential bosses in hammering out the detail and ensuring the alternative jobs on offer are suitable for those affected.”


Prudential 480

Pru to cull pensions jobs in offshore move

Prudential is moving 81 individual annuities jobs out of Reading, including offshoring some roles to Mumbai, India. A minority of roles will be moved to Craigforth in Scotland. The individual annuities division handles servicing and bereavement. It is understood the offshoring could start in October. Unite the Union has started a 45-day consultation with Prudential. […]

Prudential 480

Advisers warn on impact of life co strikes

Advisers have warned a spate of strikes at providers risks consumer detriment and will only add to already poor service. Prudential staff in Reading began industrial action yesterday over plans to move 81 annuity-related roles to Mumbai. Unite members voted for industrial action last week, which will see employees “not co-operate with or undertake any […]

Finding value in UK equities

By Mark Martin, Investment Director & Head of UK Equities Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Oh dear, more exported jobs, why not to European countries or neetr still, British countries? Why should we support a company with our money that then exports the jobs it creates to Asia?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm