Double digit new customer growth sparks a 32% year-on-year increase in total lending.

Phil has held previous roles at Bluestone, LiveMore, Together and Pepper Money.

The move is set to boost retirement savings for the average worker by around £1,000 and save businesses £225 million a year in unnecessary admin costs.

Women have received fake emails claiming that compensation for women affected by changes to their State Pension age was available.

Key is urging firms to investigate referral relationships if they are not confident about advising in later life lending market.

The Air App will deliver lender and product rate notifications as well as market insight videos from industry experts.

Advisers who take part in the programme will be able to gain CPD minutes and also display a logo to highlight that they are committed to best practice.

Last month, more2life launched 'Tailored Interest Reward', a new lifetime mortgage designed to give later life lending clients more control over their borrowing costs.

The proportion of single women applicants is also at the highest level seen in a year.

The lender has reduced rates across all standard and RIO LiveMore 1 to LiveMore 4 products by up to 0.59%.