Benfield UK staff in pensions squeeze
Hundreds of Benfield staff could see their pension benefits cut as a result of the reinsurance broker’s efforts to save cash in order to deal with the softening reinsurance cycle as well as the weak dollar.
Earlier this year the broker said that it is targeting £15m of cost savings, which will also see a number of Benfield staff lose their jobs.
All UK employees will be affected by the cost savings move
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