Legal & General mulls entering lifetime mortgages arena

It said it expects increasing numbers of customers to seek to use the equity in their homes to supplement their retirement fund if they have not saved sufficiently. "We are assessing the viability of launching lifetime mortgages to help them do this," it said. L&G group chief executive Nigel Wilson suggested earlier in 2014 the insurer could enter the equity release market as regulation had become "clearer". The hint was made in L&G's financial results for the first half of the year, which highlighted the extent to which it expects a slowdown in annuity sales following changes to pens...