Legal & General : Retail announces new Product and Propositions Director

Mark's appointment represents the provider's commitment to growing its annuity product proposition. It comes as recent Legal & General research¹ found that nearly one million people are now considering annuities for the first time to guarantee a set income, avoid market volatility and make the most of higher rates. But misconceptions around the product remain high - 44% of pre-retirees (aged 55+ but still in work) want a guaranteed income in retirement but less than half recognise an annuity as a potential solution, while almost one in five (16%) think they won't live long enough to make an annuity good value.

In his previous role, Mark oversaw the product teams within Retail's protection business. He led on major product changes, which extended support to a broader audience, helping to make protection available to more people. These include the launch of the Low Start Income Protection plan and the Rental Protection suite, in addition to increasing the maximum age at which customers can add the waiver of premium benefit when taking out a policy.

Mark also helped bring in the introduction of a range of Wellbeing Support services now offered directly to protection customers. The additional benefit provides practical and emotional help for physical and mental health conditions, from a reassuring chat and information to a clinical assessment, help with trauma, care concerns and later life planning.

Prior to joining Legal & General in April 2018 as Product Director, Mark previously worked at SunLife as Product Director and LV= as Head of Protection.