NFU Mutual’s proposal to close its Welsh Office raises serious questions for the Welsh Government and its aims for a successful financial services sector, according to the leader of the Welsh Conservatives.
Andrew RT Davies, has today written to the company requesting an urgent meeting to discuss the proposal which would result in services being relocated to its Bristol office with up to 60 jobs at risk.
South Wales Central Assembly Member, Mr Davies, said:
“This is hugely disappointing news and raises some serious questions for the Welsh Government and its aims to develop a leading financial services sector in South Wales.
“NFU Mutual has had a long-standing presence in the region and losing a company of this stature is a blow to the city’s enterprise zone and sends a worrying signal to similar companies in the market.
“I would be intrigued to learn what discussions the Welsh Government has had with one of the UK’s premier insurance firms and if any assistance has been requested or provided.
“It is abundantly clear that the Welsh Government should be doing everything in its power to ensure the NFU retains its office in the city as the lack of a significant Welsh HQ presence for NFU Mutual will rightly concern its customers.”