Aegon NV reportedly announced that it plans to cut more jobs, and will close two additional British operations in an effort to improve profitability in its fourth-largest market, according to Reuters.

As part of an effort to cut costs by 25% at the end of 2011, the Amsterdam-based insurer allegedly will close its third-party pension administration and employee benefits software businesses. These moves were initially outlined in June as part of AEGON's British restructuring plan.

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