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Royal London to axe 670 jobs

Royal London has announced that 670 jobs are to go across its business including 200 at its Scottish Life subsidiary.

The cuts follow a thorough strategy review of the business. The Royal London direct sales force will be reduced from 350 to 150. The other cuts are made from its servicing and IT departments of the group as it seeks to eliminate duplication following on from its acquisition of Scottish Life and United Assurance.

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