Capita are set to cut up to 400 jobs across the UK, the trade union Unite have reported.

According to Unite, Capita will also be offshoring a significant amount of staff to India as part of the proposal.

The staff affected are understood to work on the Prudential, Royal London and Phoenix accounts, while, while the trade union has said it may consider an industrial action ballot in response.

David Fleming, Unite National Officer said: "Members would be angry and concerned at the prospect of losing their jobs in the current economic climate. Capita is a highly profitable company and to treat loyal and highly skilled workers in this way is deplorable."

Capita have released a statement, stating: "In order to maintain its competitive position in the marketplace, optimise operational efficiency and maintain and improve service delivery to its clients, Capita's IT services business has concluded that a revised delivery model is necessary".