Just Retirement saw record business levels in the second quarter of 2009, though it was not enough to prevent the group from posting a sales decline in the 2008/09 financial year.
Total group sales fell by 1.3% in the twelve months to 30 June 2009, despite enhanced annuity sales climbing by a third in the second quarter or 2009. In it annual results, published today, the retirement income specialist saw fourth quarter sales rise 22.5% year-on-year, while enhanced annuity sales increased 33%. Annual sales fell from £763.5m to £753.7m. Enhanced annuity sales were also down over a twelve month period, falling 2.3% to £590.8m. Just Retirement also saw record equity release advances for £160m in its 2008/09 financial year as it benefits from the growing retireme...
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