L&G to axe jobs in new asset management division

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The blue-chip company is also looking to expand in the rapidly growing market for corporate pensions deals, where businesses pay insurers to take on their pension liabilities.

The group said when it announced the restructuring that the investment business head, Michelle Scrimgeour, would step down.

The FTSE 100 company, which employs more than 12,000 people globally, is undergoing a restructuring that was unveiled in June by chief executive António Simões.

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Article Details

Author / Journalist: Emma Dunkley

Category: MarketsFinanceInvesting

Markets: United StatesSpain

Topics: June General Restructuring Management Legal Company Asset Investment Business Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 05:00:47 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23609146

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

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