Asset Management

L&G eyes 70 job cuts across asset management business

The UK asset manager, which has made a big push into private markets, is looking to cull tens of roles

L&G said job cuts reflect its ‘strategic focus’ and will address ‘areas of duplication’
L&G said job cuts reflect its ‘strategic focus’ and will address ‘areas of duplication’ Photo: Jose Sarmento Matos/Getty Images

Legal & General is looking to cut around 70 jobs in its asset management arm.

The FTSE 100-listed insurance and investment group has launched a consultation with staff on axing the roles.

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