Internal restructuring: 700 staff and a further 250 contract workers would lose their jobs as it restructures its life business services division. The job losses will be spread throughout the UK: 250 in Norwich.: United Kingdom
Mishandling of private data: Insurance firm Norwich Union has been fined £1.26m by the Financial Services Authority (FSA) after customers lost £3.3m through identity fraud.Slack security checks at its call centre let fraudsters impersonate customers and cash in their policies.The FSA said the company had failed to deal with the issue properly even when it had been alerted to the problem.: