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Story summary
- Legal & General will cut about 1,000 jobs by mid-2027.
- CEO António Simões announced the cuts in an email to staff on Wednesday.
- The reductions will begin with a voluntary redundancy programme in the UK.
- Legal & General will exclude its £1.2 trillion asset-management division from the job cuts.
- Simões pledged to return more than £5 billion to shareholders between 2025 and 2027.
