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Legal & General Home Finance announces new Distribution Director
Legal & General Retail has announced the appointment of David Jones as Distribution Director of its Home Finance business, ahead of current director Dave Stratton’s retirement at the end of this year.
5 Dec 2022
David will be responsible for developing sales and business strategies to support business growth and provide market-leading services.
David joins from Legal & General’s Retail Protection business, where he spent seven years as Sales Director, looking after the protection sales delivery for intermediaries, through its Regional Business Development teams, and playing an integral role in transforming the intermediary distribution team.
With more than 40 years of experience in financial services, David joined Legal & General in 1987 as a Life Inspector in Guildford. Over the years he has worked in sales management roles across the UK, moving to East Anglia and then Bristol. Having managed all sectors of Legal & General’s intermediary business, both at a regional and national level, including appointed representatives, direct sales and advisers across the mortgage, wealth and traditional IFA markets, he is well-suited to realising opportunities to drive growth of later life lending solutions.
Craig Brown, CEO, Legal & General Home Finance: “David brings a huge amount of industry and company experience, which will help us build our market-leading distribution strategy. His vast sales and business development experience will provide a laser view as we look to evolve our sales and service proposition to support our broker partners.”
David Jones, incoming Distribution Director, Legal & General Home Finance: “I am thrilled to have the opportunity to join Legal & General’s Home Finance business. We want to work even more closely to support our partners to enable them to offer outstanding advice, service and products to their clients, really embedding lifetime mortgages and retirement interest only mortgages as core elements of later life financial planning.”
Further information
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 management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
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.