Report: Scotland financial services sector set to suffer more job losses

A report in today's Daily Telegraph claims 16,500 people will have lost their jobs in the financial services sector over 2009 and 2010

The Daily Telegraph has cited a warning from the Fraser of Allander Institute that one in seven of Scotland's 90,000 financial services sector jobs will be lost by the end of the year. 4000 jobs were lost in 2009. The institute cited a weak recovery of output increasing 06% (Gross Value Added) but warned of the possibility of a double dip recession which would mean substantially more job losses.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: