Insurance group Delta Lloyd is pressing ahead with a new cost cutting round which aims to deliver savings of €60m in 2012 and 2013, the Financieele Dagblad reports.

The company made the announcement on Tuesday, during an investors day for analysts and institutional investors.
Aegon and ING have also recently announced plans to cut their workforces by around 10% and ABN Amro said it was making extra cuts at the end of August. The Delta Lloyd changes will not be as far reaching, a spokesman told the paper.
Delta Lloyd also said it is taking a 51% stake in insurance agents Friesland Bank Assurantien, part of the Friesland bank group.