Jobs to go as Engage Mutual confirms post-merger move

AROUND 160 jobs are set to be lost over the next two to three years after insurer Engage Mutual confirmed plans to move south following its merger with Family Investments.

Harrogate-headquartered Engage, a customer owned life insurance, health and savings provider, made a formal recommendation that it merges with Brighton-based family last September.

The deal was given regulatory approval last week and is expected to complete on April 1.

Engage Mutual chief executive Peter Burrows said: “We considered several options, including moving operations to Harrogate and staying in both Harrogate and Brighton, but the decision to move south came down in large part to size: there are around double the number of people working in Brighton as there are in Harrogate, so moving operations north would have been even more disruptive.”

Together, the companies will have approximately £6bn assets under management, with members of both boards and executive teams represented in the new organisation.

Engage Mutual were the title sponsors of rugby league’s Super League competition for seven seasons, between 2005-11.