L&G said: “The closure will not affect the service provided to our customers.” The closure of the Tadworth site was announced last August, with a date initially set for 2017. The closure of Legal & General`s Surrey offices will tear up “a £21 million black hole” in the local economy, says an independent report. More than 1,550 jobs at Kingswood will be lost as Legal & General closes its flagship site in Kingswood, Surrey. The closure will have a devastating impact on the local community, costing millions of dollars. Many of Kingswood`s legal and general workers are members of the Unite union, which has supported its jobs campaign since the company announced its intentions in 2015. The company plans to close the site by mid-2018, citing cost-cutting measures. This is despite an 18% increase in L&G`s operating profit to £750 million in 2015. Shockingly, Legal & General did not examine the impact of Kingswood`s closure on the local community. An independent assessment commissioned by Unite found that the closure would tear apart a devastating £21 million black hole in the local economy.

This will be devastating to the local economy and threaten business and service jobs in Kingswood and across the county. This goes against Legal & General`s stated commitment to the long-term well-being of local communities. (Source: CLES Consulting, Centre for Local Economic Strategy, 2016) The closure will be staggered from spring 2016 to summer 2018. Drivers urged to schedule overnight time at Hampshire Legal and General ahead of upcoming M3 closures should stop the closure of the Kingswood office by exploring all options to keep the site open and save the 1550 jobs at risk. Site closure will begin in spring 2016 and end in summer 2018 – currently approximately 1,400 employees are employed at the Kingswood site. L&G said the roles will be moved to its Hove and Cardiff offices, stressing that the closure will have no impact on customer service. Mr Methven added that Unite members plan to meet Reigate MP Crispin Blunt on Friday (22 January) to present a copy of the union`s impact assessment report, which looks at what the closure of the Kingswood office would mean for Surrey`s economy. The Unite union is campaigning to save around 1,500 jobs at the Kingswood site, which is due to close in 2018 and will be phased out this spring. For those who cannot, L&G has agreed on departure terms. However, the Unite union said it was not possible for members to move. “The closure of Kingswood will not only cost 1,550 dedicated and hard-working professionals their jobs, but will also dig a £21 million black hole in the local economy,” he said.

Money Marketing is a monthly magazine for financial intermediaries in the UK. The team of journalists works in print and online to provide its audience of professional financial advisors with a combination of breaking news, analysis, opinions, podcasts and videos. The magazine was founded in 1985 and is part of the Metropolis Group. The editorial team consists of Katey Pigden and the current editorial team consists of Michael Klimes as editor-in-chief, Maria Merricks as editor-in-chief, Amanda Newman-Smith as editor-in-chief, Lois Vallely as chief reporter, Momodou Musa Touray and Jean-Baptiste Andrieux as reporter. [1] “It`s not an easy decision to close it, but it`s the right one for Legal & General and our clients. The report was commissioned by Unite, which plans to influence MP Crispin Blunt in his constituency on Friday. Ian Methven, Unite`s regional representative, called the decision “extremely disappointing,” adding that the L&G board`s decision was “absurd.” The company announced Thursday plans to close the St. Monica`s Road center, which employs about 1,400 people. The “vast majority” of jobs will be relocated to the Hove and Cardiff offices.

Simon Burke, Group Chief Commercial Officer, L&G, said: “The world we live in is digital and the way we work with and serve our customers is constantly evolving. Last month, Unite members in Kingswood voted in favour of industrial action. Consultation on the future of the site with Unite and local employee representatives began in July 2015. “No one ever wants to shut down a site, especially one that has served Legal & General so well for decades. However, the company has now postponed this to the summer of 2018. Unite members are aware that the campaign to save jobs will continue. We will launch an ongoing trade union action programme and call on local politicians and community leaders to show their support for Kingswood. “So I want to thank everyone who has worked at Kingswood and those who work there now for all their hard work that has helped make Legal & General the successful business it is today. “If Kingswood employees cannot relocate or are redeployed, Unite and Legal & General have agreed on departure terms,” he said.

Our age community model promotes and facilitates the well-being of older adults by providing them with appropriate, safe and stimulating environments and helping them live healthy, healthy and independent lives longer. Simon Burke, Group Chief Commercial Officer, Legal & General, said: “The world we live in is digital and the way we work with and serve our clients is constantly evolving. In order to continue to offer our customers excellent value for money, our employees must work in less time and in the right places in order to reduce costs and improve customer service. The planning committee met via online video conference after new government legislation allowed virtual council meetings under the current Covid-19 lockdown conditions that prevent face-to-face meetings. Reigate and Banstead is one of the first councils in the country to hold a planning committee meeting in this way, showing that planning can still continue with forward-thinking councils. Unite estimates that this will cost the local economy £70 million and leave employees unemployed. Santander Personal Finance Best Use of Social Media: 2013 Unite said its Local Impact Assessment report, conducted by CLES Consulting, analysed the cost of closing the Kingswood site in terms of lost wages, impact on the local economy and increased social assistance for those made redundant. The programme is an example of local community engagement and was developed over a 15-month period in close consultation with key stakeholders such as Historic England, Kingwood Residents` Association, Copt Hill Lane Association and Council Technical Officers, resulting in strong written support for the proposals. The development spans 43 hectares and will enhance the surrounding area with on-site facilities such as a wellness centre with swimming pool, studio, gym and tennis courts, restaurants and leisure facilities, as well as a small business centre and nursery, all open to the wider community. By carefully renovating the heritage and building on already developed land, Inspired will protect and enhance this green belt asset and develop 16 hectares of parkland for permanent use by the local community. Headlinemoney Personal Finance Trade Publication of the Year: 2003, 2004, 2005, 2007, 2009, 2010, 2011, 2012, 2013, 2014 and 2016 “The lease for the Kingswood office needs to be renewed and so it makes sense to see if the work in our other offices cannot be done in a way that could benefit our clients,” he said in a statement. “The Kingswood Building, despite its history and strengths, is our least adaptable building to the changing needs of the company and its rental and operating costs are high.

A promotional video with more information about the Kingswood program can be found here: “Your partners will have jobs and their children will go to local schools, so the idea that these people can just move to other parts of the country is a bit ridiculous. However, the Unite union voted successfully on industrial action in Kingswood, adding that the decision will create a £21 million “black hole” in Surrey`s economy. Legal and General (L&G) has announced the closure of its Kingswood office by 2018, with the home insurer citing the global digital transition as the reason for leaving. “A lot of these people are highly skilled,” he said. The home insurer announces plans to close its flagship store in Kingswood by 2018. However, L&G offered all employees the opportunity to “follow their roles” with Hove and Cardiff. Founded in 1836, Legal & General is one of the UK`s leading financial services groups and a major global investor with over £1.4 trillion in assets under management*, a third of which is international. We also offer powerful asset creation capabilities. Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK.