Legal & General has appointed Cecilia Furner to the newly-created place of distribution director of retail retirement, overlaying each house finance and annuities.
In her expanded role, Furner, who was beforehand distribution director for retail annuities, will take over management of the house finance crew from David G Jones, who’s retiring after 38 years within the enterprise.
Furner joined L&G in 2018 and has 25 years’ expertise in monetary companies, together with senior roles in enterprise improvement, strategic partnerships and distribution.
Jones will retire on the finish of the yr, with the handover to Furner going down on 1 November 2025.
As a part of the restructure, head of middleman gross sales Rob Miles and strategic associate improvement director Nick Birdseye will be part of Furner’s crew.
L&G managing director of distribution Ali Crossley says: “The adjustments to our distribution crew’s management brings our distribution experience collectively, supporting our ambition to construct a less complicated, better-connected L&G.
“It additionally permits us to broaden our attain with corporations and advisers within the later-life finance area – an space that’s turning into more and more vital in retirement planning.
“David has been an unimaginable drive for L&G and the broader trade throughout his profession, championing innovation by way of knowledge and perception.
“We want him the very best for his retirement and thank him for his invaluable service to the sector.”
Jones says: “My 38 years with L&G have been immensely rewarding.
“I’ve been privileged to work with nice groups throughout the enterprise.
“The distribution crew goes from power to power, and Cecilia and her skilled crew will proceed to lead and ship enhanced companies for advisers and purchasers.”
Furner says: “I’m delighted to be taking over this enhanced role and to be becoming a member of the house finance crew in its mission to make fairness launch a extra mainstream product for individuals wanting to obtain their later-life targets.
“These thrilling crew adjustments will assist drive extra integration between our house finance and retail annuities companies.”
