Just Retirement sales up 16% ahead of takeover meeting

The firm also confirmed it will hold a general meeting to discuss a private equity takeover offer on 4 November. Total group sales for the three months to 30 September increased to 213.6m, up from 183.5m in the same period of 2008. Equity release sales rocketed by 51.4% to £50.1m, while annuity sales were more subdued, rising 8.7% to £163.5m. Chief executive Mike Fuller says: "Current trading remains positive. Our competitive position within enhanced annuities is satisfactory and demand is growing. "In equity release, while the market is somewhat subdued by continuing concerns o...