L&G Retail appoints product and propositions director

Legal & General Retail has appointed Mike Batty as product and propositions director for its annuities offering. Mike assumes this new position having previously been finance director for Legal & General Home Finance and Financial Advice.

In his new role, Mike will work towards shaping the annuity product portfolio, ensuring the current products and future propositions continue to meet the evolving needs of customers.

Mike has been part of L&G's Retail division for six years, working across its Home Finance and Financial Advice businesses, as well as supporting key investments within the Asset Management division.

He succeeds Mark Jones who will be retiring at the end of July after being an integral part of Legal & General for almost a decade. Mark worked across the Retail Annuities offering and previously led the product teams within the Retail Protection business.

Lorna Shah, managing director of retail retirement and CEO of Legal and General Home Finance, commented: “Mike brings a wealth of experience to his new role where he will be instrumental in driving innovation and ensuring that our propositions deliver great outcomes for our customers. The annuity market continues to grow and we’re looking forward to providing more customers with certainty and peace of mind in retirement.

"We would like to wish Mark Jones the best as he retires and thank him for his significant contribution to the market and for being a pivotal presence across both the annuity and protection sectors.”

Mike Batty added: “I’m excited to be leading the team to ensure that customer outcomes remain front of mind. I look forward to working with our deeply experienced team to build on some of our recent achievements and to continue to deliver a truly compelling offering.”