Legal & General’s Retail Retirement division has appointed Emma Byron as Managing Director, Individual Annuities.
Byron has been at L&G for three years, developing the strategy for its Retirement Division. This included leading the retirement customer engagement project to implement L&G’s response to pensions freedoms. Most recently, she led the Group Financial Planning and Analysis function.
Before L&G, Byron was a Principal in the financial services group at global strategy consultancy Oliver Wyman.
Managing Director of Legal & General Retail Retirement Chris Knight said: “Legal & General Retail Retirement has delivered a very positive start to 2017, with growth in Individual Annuities of 120%, and growth in Lifetime Mortgage Lending of 90%. With an increasingly ageing population looking for positive financial solutions in retirement, we have a huge opportunity to take a market leading position in providing guaranteed income to people who need and want it, particularly in these volatile markets where certainty is vital.
“Over the course of the past six months, we have invested further in the team at Legal & General Retail Retirement to build on that success. Emma will be a key part of the team and I‘m very confident she will do an outstanding job in building our individual annuities and related businesses.”
Byron said: “I’m delighted to be joining Chris’s team and I see huge potential for L&G in the individual annuities and wider retirement income space. More and more retirees are now seeing the benefits of a fixed, stable income-producing product in retirement. Legal & General has historically held a market-leading position in this sector and there’s every reason we can once again do just that.”