Pure Retirement has announced the appointment of David Marlow as an independent non-executive director.

Marlow (pictured) has many years of experience within the financial services sector, a career that began at Lloyds Bank, then followed that with a 13-year tenure at Alliance & Leicester that saw him occupy the position of director of current accounts and savings operations.

His most recent executive financial services experience has been via a 16-year term at Nottingham Building Society, the last 11 of which were spent as the society’s chief executive.

In 2017, he became a member of the ‘Small Business Practitioners Panel’ at the Financial Conduct Authority. Additionally, he was concurrently a member of the Bank of England’s East Midlands Business Panel and its Key Decision Makers Panel, until he retired from full-time Executive life in the summer of 2022.

At Pure Retirement, Marlow will chair the lender’s Board Risk Committee to safeguard business interests and maintain best practices. Additionally, his regulatory background will be drawn upon acting as the lender’s Consumer Duty champion ahead of the implementation of the FCA’s upcoming principle this July.

Marlow said: “Having been involved in the financial services sector for over 35 years, I’ve kept a watching brief on the recent growth of the Lifetime Mortgage sector as it enters the mainstream. It’s incredibly exciting to be joining the later life lending space at a time when it’s grown sixfold since 2018, it’s similarly gratifying to be joining such a leading presence in Pure Retirement with its reputation for integrity and consistently delivering great customer outcomes.”