"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."
In her three years at Legal & General, Byron has developed the strategy for Legal & General’s Retirement Division, and most recently led the Group Financial Planning and Analysis function.
Legal & General’s individual annuities business increased by 15% in 2016 and recorded growth of 120% year-on-year so far in 2017.
The new role follows the appointment of Chris Knight as MD for Legal & General Retail Retirement and the promotion of Steve Ellis to MD at Legal & General Home Finance in February 2017.
Chris Knight, Managing Director of Legal & General Retail Retirement, 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.”
Emma Byron added: “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."
