Laura Mason will succeed Bernie Hickman, who leaves L&G after 26 years.

The lender is also reducing selected rates and introducing higher fee and lower rate products.

Over a sixth of regulated mortgage lending in 2023 fell into one or more specialist categories.

The Society has increased LTVs across its later life, lending into retirement and retirement interest only mortgage products.

The change will add £361 a year to the old basic pension and £473 to the new state pension.

Paul Glynn, CEO of Air, underscores the importance of advisers having comprehensive conversations to guide their over-50 clients through the maze of options available to them.

The online clinics will focus each week on a different area of the market and process.

Later life lender more2life has reduced early repayment charges (ERCs) on its Maxi lifetime mortgage range.er

The government says it is fast-tracking plans to modernise its pensions system by broadening access to Collective Defined Contribution schemes. 

The Society has introduced a fee-free five-year fixed rate RIO mortgage.