Business Irish

Tuesday 20 March 2018

AIB ends joint venture with insurance firm Aviva reporters

ALLIED Irish Banks has ended its joint venture with Aviva for life and pension business.

Up to 300 people could be transferred from AIB to Aviva as a result of the move with union officials calling for a meeting to outline the implications for staff and the business.

It is understood that AIB business accounted for 50pc of the Aviva life book.

Last year Aviva said it will shed over 1,200 staff due to the weakening environment and drops in business.

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