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.”
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% 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.
*as at HY 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.13 million retail policyholders and workplace members.
In 2022, we had total individual annuity sales of £954 million, and issued £632 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 4.9 million members, while our Protection businesses gave peace of mind to more than 6.3 million UK life insurance, 1.8 million group and 1.5 million US customers, taking in £3.1 billion of gross written premiums.
*at 31 Dec 2022