Aviva sets out £350m savings plan

Aviva has announced that additional job losses will be necessary as part of its drive for greater financial efficiency throughout the group.

The announcement came as group chief executive Andrew Moss outlined Aviva's strategy at a presentation to investors and analysts in New York.

Mr Moss refused to put a specific figure on the number of job losses, but confirmed that it would make up part of the £350m a year that the insurer plans to save. A total of £200m of this will come from its UK