Subject to a set of Articles of Association, the directors appointed to the Main Board of the Equity Release Council are responsible for the management of the Council’s business. Currently there are nine members elected from within the membership by the membership on a cycle of two year terms of office, and there are three directors that have been appointed by those elected to serve to oversee the running of the Council, which include the Chairman, the Standards Board Chairman and the Chief Operating Officer.
David Burrowes, Chairman of the Equity Release Council.
He has been a practising solicitor for 25 years. During this time David was first a Local Councillor in Enfield and then Member of Parliament for Enfield Southgate between 2005 and 2017. David championed social justice and consumer protection and led campaigns on issues affecting elderly people.
David served as Parliamentary Private Secretary to three Cabinet Ministers, and sat on the influential Home Affairs and Public Accounts Select Committees, and was also Shadow Justice Minister from 2007-2010.
David lives in Southgate with his wife Janet and their 6 children.
Donna Bathgate, COO, Equity Release Council
Donna is the Equity Release Council’s Chief Operating Officer, and has been in this role since 2013. Her responsibilities include overseeing the strategic delivery of the Equity Release Council, whilst managing the development of its membership and policy propositions, and establishing key relationships across the industry. Having started her financial services career with LV=, she was also with the Life Insurance Association (LIA) before joining the Chartered Insurance Institute (CII) as Head of Marketing Operations and Strategic Projects where she was responsible for a number of the professional body’s major Business Improvement Programmes including the launch of The Personal Finance Society and The Society of Mortgage Professionals.
Chris Pond, Standards Board Committee Chariman, Equity Release Council
Former Labour MP, Minister with Department for Work and Pensions and Parliamentary Private Secretary with HM Treasury under Gordon Brown. A former lecturer in Economics, Chris was also a director at the FSA (Financial Services Authority – precursor to the FCA.
Dave Harris, CEO, More 2 life
Dave heads up the innovative equity release lender and, as a Board director, also plays a key role in driving strategic development across KR Group.
His depth of experience and expertise has enabled him to make a major contribution to expand KR Group’s manufacturing and distribution relationships, translating consumer insight into innovative new products with backing from multiple funding partners.
Previously he was Managing Director at fixed-term annuity pioneer Living Time (now called Primetime Retirement). He was also Distribution and Channel Marketing Director at Prudential for five years where he was responsible for intermediated distribution and marketing in the UK, Europe and the Middle East.
Paul Barber, Chief Executive, Retirement Bridge Management Limited
Paul has over 25 years’ experience in financial services, both in the UK and overseas. He is Chief Executive of the Retirement Bridge Group, a long-term investor specialising in providing home reversion plans (including Bridgewater Equity Release) and supplying third party servicing of home reversion plans to other investors. Paul is a Fellow of The Institute of Actuaries.
Paul Carter, CEO, Pure Retirement
Paul’s current role is as CEO of Pure Retirement and brings with him a wealth of experience from across the whole sector, having previously held senior positions as Sales Director - Prudential Lifetime Mortgages, Managing Director - Cavendish Equity Release, Head of Equity Release - Millfield Group, Head of Retirement Solutions (Equity Release) - Aviva, having previously spent 14 earlier years honing his management skills in direct sales with Prudential, so a total of 20 years in the equity release sector and 34 years in financial services as a whole.
Steve Ellis, Managing Director, Legal & General Home Finance
Steve's remit covers all aspects of the day to day running of the business. Steve ran the acquisition of New Life by Legal & General and has therefore been involved in Legal & Generals entry to lifetime mortgages since the beginning of the journey. Previously to that, Steve ran a number of operational areas for the group in both Corporate Risk and Annuity business areas.
Steve joined Legal & General in 2007 having successfully run a number of large scale operations for outsourcing organisations and spent a number of years as a management consultant predominantly for GE Capital’s businesses in the UK and US. Steve was also at one of the original Equity Release specialists, Stalwart, back in the mid-1990s.
Richard Overson, Group Director, Key Retirement Solutions Ltd
Richard has worked in financial services for over 20 years and has been the driving force in developing Key’s advice process and building the adviser team.
He is one of the members of the management team that founded Key and has helped in the growth it has achieved to become the acknowledged leader in the lifetime mortgage market.
Richard has also been instrumental in working with providers to develop products and solutions that meet the needs of customers. He is passionate about the need for distributors and manufacturers to continue to innovate to meet clients’ requirements.
Deian Jones, Managing Director, Hodge Lifetime
For the past 6 years, Deian has been the Managing Director of Hodge Lifetime, the longest-established equity release provider in the UK. He is responsible for all aspects of the development of the business, with a particular focus on product design, customer outcomes and strategy. He has worked within the Hodge group for the past 12 years, holding a variety of strategic, risk and project roles. He is a chartered accountant, and spent eight years in KPMG's financial services audit practice, specialising in the retail financial services and life assurance sectors.
Steve Kyle, JUST Group, Group Regulatory & Audit Director
Steve was appointed Group Regulatory and Audit Director of JRP Group plc in April 2016 after merger of JRP and Partnership. Along with five other Directors, Steve originally founded Just Retirement in 2004, which became a leading provider of enhanced annuities and equity release. He is Director of JRL and PLACL.
His key role, is leading JUST’s regulatory, policy and assurance strategy. Steve has an MBA and over 30 years’ life and pensions experience in the UK and Europe. Prior to joining Just Retirement, Steve held senior roles at Commercial Union, Aviva and Britannic Retirement Solutions. He is a Director of the Equity Release Council and Chairs ERC S2 working Group, and works with ABI on key conduct and prudential matters. He is also Secretary General of the European Pensions & Property Asset Release Group, an organisation established to seek to foster dialogue between industry, EU institutions and governments on innovative pensions and property asset release solutions.
Roger Marsden, Managing Director of Retirement, Aviva
Roger was appointed as MD of Equity Release in January 2016, then MD of Retirement in (Equity Release and Annuities) in 2017. He started his career with Deloitte in 1994 qualifying as a chartered accountant, and then moved to Barclays Capital. Roger joined Aviva in 2001, holding a number of finance roles and then moving in to the Strategy function. He became Head of At Retirement Propositions in 2010, and moved on to become Retirement Solutions Propositions Director and then MD of Retirement Income - including leading pension freedoms implementation and the annuity business.
Nick Austin, Life Commercial Director, LV=
Nick was appointed as LV=’s Life Commercial Director in August 2017 and is a member of the Life Executive Committee. His previous roles within LV= include Retirement Solutions and Heritage Commercial Director, Life Finance and Commercial Director, and Head of Commercial and Pricing.
Prior to this Nick spent 10 years with HSBC, both in their UK Life business and in HSBC’s Global Insurance operation, where he held senior management positions including Head of Actuarial Pricing for HSBC Life UK.