Metlife

More than a quarter of private sector employers are looking to reduce employee benefit costs by cutting holiday entitlement for staff, according to new research.

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Alico has been rebranded under the MetLife name following its acquisition by the company in November.

MetLife is extending its IFA roadshow programme, with a further six events to be held later this month.