Hodge Lifetime has announced the departure of its long-serving managing director, Jon King.

King joined Hodge Lifetime (then Hodge Equity Release) in 2000, becoming managing director in July 2003. His decision to leave follows Hodge Lifetime’s plans to restructure its equity release business and reduce its future lending for new equity release plans.

King said: “I have greatly enjoyed my 10 years with Hodge Lifetime and all that we have achieved at the company. During my time with the group