Plans to integrate equity release specialist Sixty Plus into Bower Retirement Services have been scrapped, just weeks after being announced.
Age Partnership has announced a new tie-up with software firm Iress to provide an equity release referral service.
Bower Retirement Services is to integrate equity release specialist Sixty Plus, adding seven staff to its headcount
Aviva’s UK Life business has delivered a 9 per cent increase in pre-tax profits for 2014 despite a tumultuous year for pensions.
Legal & General is to enter the equity release market following its acquisition of Newlife.
Michael Schaefer has been appointed as chief operating officer.
Providers lent £1.4bn to equity release customers in 2014.
King was most recently managing director of equity release provider More 2 Life.
Experts say the sector could triple in value as a result of new major entrants to the market.
The total value of equity release lending increased by almost a third year-on-year in the third quarter.
But the older the homeowner, the more inclined they are to take out a plan.
Equity release plan sales increased 5 per cent year-on-year in the first half of 2014.