Just Retirement sales buoyed by equity release

Sales in the six months to 31 December 2010 were up 11% compared to H2 2009, with equity release mortgage advances up more than 20%. Meanwhile, annuity policies increased by 8.4% during the same period. CEO Rodney Cook says the figures were boosted by a three-year distribution deal signed in 2007 with Saga. Just Retirement provides retirement advice to customers who are introduced to it by the company. "Equity release sales remain strong over the six month period growing year on year by 20%," Cook says. "A proportion of this growth is driven by our distribution expansion such...