Just Retirement annuity sales, including enhanced and fixed term products, were up more than 35% to £313.2m to 31 March, third quarter results show.
The firm said it achieved record total group sales of £381.8m - an increase of more than 31% over the quarter. Equity Release mortgage advances were up 17.5% to £68.6m. Rodney Cook, chief executive of Just Retirement, said sales of fixed term annuities were increasing as "as advisers look for alternatives to standard annuities for those customers in good health". He added: "Our long standing commitment to lead reform in the annuity market to deliver transparency and create default ‘shopping around' received support from the Association of British Insurers board in March. This is welc...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes