McGill replaces Greg Neilson who will be moving to a new role with Aviva Investors.

McGill has extensive experience in senior management roles in Aviva, most recently as managing director of workplace savings and retirement.

McGill said: “I am delighted to be taking on the role of managing director of equity release and look forward to building on Aviva’s recognised strength in this market, which has great potential for further growth.

“Equity release has an important role to play as part of the range of solutions we offer to our customers to help with their retirement planning.”