Jon King has quit his role as mana-ging director of Hodge Lifetime but says he will continue working in the equity release sector.
King’s decision to leave follows the company’s decision to restructure its equity release business and reduce its lending for new equity release plans.
King joined Hodge in 2000 and was appointed managing director in July 2003. He has not revealed what he is planning for the future but says he will be staying in the sector.
He says: “I have greatly enjoyed my 10 years with Hodge and am proud of what we have achieved at the company. But with the restructuring of the business I believe the time is right for me to move on to pursue opportunities elsewhere.”