In her expanded role, Furner, who was previously distribution director for retail annuities, will take over leadership of the home finance team from David G Jones, who is retiring after 38 years in the business.

Furner joined L&G in 2018 and has 25 years’ experience in financial services, including senior roles in business development, strategic partnerships and distribution.

Jones will retire at the end of the year, with the handover to Furner taking place on 1 November 2025. 

As part of the restructure, head of intermediary sales Rob Miles and strategic partner development director Nick Birdseye will join Furner’s team.

L&G managing director of distribution Ali Crossley says: “The changes to our distribution team’s leadership brings our distribution expertise together, supporting our ambition to build a simpler, better-connected L&G.

“It also allows us to expand our reach with firms and advisers in the later-life finance space – an area that’s becoming increasingly important in retirement planning.

“David has been an incredible force for L&G and the wider industry during his career, championing innovation through data and insight. 

“We wish him the best for his retirement and thank him for his invaluable service to the sector.”

Jones says: “My 38 years with L&G have been immensely rewarding.

“I’ve been privileged to work with great teams across the business.

“The distribution team goes from strength to strength, and Cecilia and her expert team will continue to lead and deliver enhanced services for advisers and clients.”

Furner says: “I’m delighted to be taking on this enhanced role and to be joining the home finance team in its mission to make equity release a more mainstream product for people looking to achieve their later-life goals.

“These exciting team changes will help drive more integration between our home finance and retail annuities businesses.”