BusinessCompany NewsIndian staff already doing Pru accounting work

Indian staff already doing Pru accounting work

More accounting, actuarial and underwriting work may beheading to Bombay

Insurance giant Prudential is
already using 200 Bombay-based staff to carry out financial accounting, analysis
and risk-profiling work on behalf of the insurer in the UK, Europe and in Asia,
The Times reported.

At the same time it is considering eventually shipping its accounting,
actuarial and underwriting work to
Bombay.

The move could save the insurer millions of pounds in wage costs, but would
put British jobs at risk.

Mark
Tucker, Prudential chief executive
, has put 2,000 UK jobs and a further
1,000 overseas positions under review as part of an efficiency drive aimed at
saving £195m a year in costs by the end of the decade.

Further reading:

Prudential may be mulling offshore move

Lloyds TSB snubs IFRS for embedded value

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