Edinburgh-based Standard Life has announced proposals to cut jobs.
The plans would see 69 positions axed across the group information systems and facilities departments – including 37 roles which were to be created.
The firm is also in the process of negotiating the outsourcing of its network and telephony services to BT, with 17 people potentially transferring to BT via TUPE.
A Standard Life spokesperson said: “We have reviewed our group IT and operations division and have shared the outcomes of this review with our people today.
“The proposed changes will ensure greater synergies, greater capacity to serve our customers and provide clarity of roles for our people.
“We will now enter a period of consultation with our staff association on the proposed changes which will last a minimum of 30 days.”