Insurance Post

1500 jobs at risk if Aviva's Friends Life acquisition is finalised

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If shareholders agree to Aviva's acquisition of UK life insurer Friends Life then 1500 jobs are likely to be made redundant.

Shareholders vote on 26 March with the £5.6bn acquisition expected to be completed on 13 April.

Aviva is looking to save £225m in annual costs by the end of 2017.

An Aviva spokesperson admitted the

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