Royal London, owner of Scottish Life which purchased Royal Liver in May, has decided to close the office and transfer the work to its operations in Cheshire and London.
The move will see a net 110 jobs go as the mutual insurer cuts 222 jobs in Liverpool.
A number of employees are expected to transfer to Wilmslow, Cheshire where 105 new roles are being created. A further seven jobs will be added in London. There will be no impact on the jobs of Royal London employees in Edinburgh and Glasgow.
The Royal Liver building, which is made of reinforced concrete, bears the city’s emblem, the Liver birds and celebrated its centenary last month. As Royal Liver’s staff has shrunk over the years, other companies have leased parts of the building.
The waterfront building will continue to be held by a Royal Liver investment fund and leased to tenants.
A 90-day collective consultation period has begun. It is expected that most of the work will be transferred by the end of the year.
Royal London finance director Stephen Shone said: “We are putting in place a comprehensive package of support for all employees affected.”