Press releases

Legal & General evolves mortgage business

Newly launched Legal & General Mortgage Services encompasses three different business areas: Surveying Services, Mortgage Club, and Legal & General Technology. Kevin Roberts to lead Legal & General Mortgage Services in new role as Managing Director. Clare Beardmore appointed as Director of Legal & General Mortgage Club. Jodie White, Head of Product and Transformation, to head up Legal & General Technology.

21 Sep 2022

Full press release

Legal & General has today announced the formation of Legal & General Mortgage Services, set up to align its established Legal & General Mortgage Club and Legal & General Surveying Services, alongside a newly created business strand: Legal & General Technology.

Kevin Roberts will lead the team in his new role as Managing Director of Legal & General Mortgage Services and this new business area will operate as a key part of Legal & General’s wider Retail division.

In light of Kevin Robert’s new overarching responsibilities, Clare Beardmore has been appointed Director of Legal & General Mortgage Club, the UK’s largest mortgage club. In her new role, Clare will be responsible for the growth of the Mortgage Club and will continue to support the broker community in line with her previous remit.

Legal & General has established itself as a core provider of mortgage research technology through its SmartrFit, technology which is used by advisers both within and external to its Mortgage Club. Technology will be a core strand of the Mortgage Services business and will be headed up by Jodie White, who retains her title as Head of Product and Transformation, as the business separates its tech offering from Mortgage Club and widens its scope. Jodie will be responsible for building on the success of Legal & General’s SmartrFit tool and leading the next stage in the company’s journey in the mortgage research market. The new business area will focus on digital tools that directly support intermediaries and lenders across the market.

Bringing the three business areas together under Legal & General Mortgage Services will provide new opportunities for these teams to work creatively and collaboratively to support the UK’s housing market.

Kevin Roberts, Director of Mortgage Services, Legal & General: “The market continues to move at a rapid pace, and it’s important that we update our internal structures to meet these challenges and provide the best support we can to consumers, advisers, and lenders alike. Creating this new team allows us to draw on the wide range of experience and assets we have at Legal & General. I am proud to be leading this new business, combining our joint expertise and bringing together these three key focus areas, each of which plays a vital role in the mortgage journey.

“I’d like to congratulate Clare Beardmore on her new role and I’m excited to work with Jodie and the broader LGSS management team to deliver on our ambitious plans. I have no doubt that the team will rise to the challenge and I’m looking forward to working with them to develop something truly new and exciting for the business, our customers, and partners.”

Further information

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Claire Byrd

Senior PR Manager

Legal & General Retail

Notes to editors

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.

1Data as at 31 December 2023.

Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.14 million retail policyholders and workplace members.  

In 2023, we had total individual annuity sales of £1,431 million, and issued £299 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 5.2 million members, while our Protection businesses gave peace of mind to several million direct, group and US customers, taking in £1,991 million of UK and $1,584 million of US gross written premiums.