Just Retirement annuity sales up 118% to £550m

Mike Fuller, chief executive of Just Retirement, says the group will expand its annuity offering by “applying our understanding of mortality, pricing and underwriting to bring new groups of retirees better value based on their individual circumstances". The group plans to offer terms for annuitants with more serious medical impairments, followed by pricing refinements in the near future. Equity release sales also boosted the group's overall sales figures. Sales of the products rose 176% to £125.2m, compared to £45.3m over the period. Fuller adds: “We are also looking to extend our equity ...