Aviva may cut 800 jobs

The insurance giant had previously announced plans to remove layers of management in a new structure and recently reported a group loss of £681m for the first half of 2012.

At the time of the results Mr Spencer told Insurance Age that the provider's ambition was "to make sure that we are increasing the number of staff that are broker and customer facing and not back office," but declined to give a figure on the potential losses.

Staff have now been informed of the significant number of cuts and