Staff are facing job cuts at a life and pensions company.

Worthing-based MGM Assurance is expected to cut about ten per cent of its 235 staff, as part of a major re-structuring.

Workers at the company's Heene Road headquarters are being told individually whether they still have a job during the next few days.

The firm, which started in 1852 in London, moved to Worthing in the Seventies and has agents working throughout the UK.

Marketing manager James Loder said the redundancies were crucial to the long-term future of the firm.

He said: "We are going through a process of making organisational changes and staff will be reduced by a small amount.

"The main reason for the redundancies is to make sure we are in suitable shape for changes of the modern financial services market.

"We want to make sure we have got the right structure in place to deal with those changes."

Mr Loder said the redundancies would be across all departments rather than just the Heene Road offices.