Legal and General  

L&G hires new retirement business management team

L&G hires new retirement business management team

Legal & General has hired senior staff from Just and MetLife to prop up its team of managers in its retail retirement division, following the appointment of a new management last December.

The firm appointed Jon Scannell, Meg Dickens and Sara McLeish to various positions in the retail team stating it wanted to drive forward the future growth of the business.

In November the firm promoted Chris Knight to chief executive of Legal & General Retirement Retail and Laura Mason to chief executive of Legal & General Retirement Institutional.

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It reported at the time individual annuity sales had risen 93 per cent annually while the firm gained a 35 per cent share of the lifetime mortgage market.

Mr Knight said: "I am delighted to welcome Sara, Jon and Meg to the retail retirement team at Legal & General. 

"All three bring extensive experience of the retirement sector and will play a central role in the team to help further develop our relationships across all channels and support our retirement propositions."

Mr Scannell, who worked in sales leadership roles at MetLife for 12 years, will take up the position of distribution director of retirement income.

Ms Dickens, former head of corporate marketing at Just, will become director of marketing acquisition, responsible for driving the day-to-day marketing activity for the firm’s retirement products through all distribution channels.

Ms McLeish, meanwhile, joins as strategy and commercial director responsible for driving the strategy and marketing of the retirement division and its future expansion.

Prior to joining L&G she was director at EY'S EMEIA Financial Services Advisory practice, working across the life, pensions and investment industry and supporting life insurers, intermediaries and retail banks on a variety of assignments.

Legal & General underwent a spate of asset sales in recent years as the company moved to focus on its core business areas of investing & annuities, investment management and general insurance.

Among the businesses sold was the Cofunds platform to Aegon in August 2016 and the mature savings business to Swiss Re for £650m in December.

carmen.reichman@ft.com