Just Retirement posts £30m annuity sales jump

This is an 8.4% increase on H2 of 2009, the annuity provider and distributor says. The provider's equity release sales reached £116.5m by the end of 2010, representing a 20.4% increase on H2 2009's £96.8m value. Total sales across the Just Retirement group had grown by 11% between 2009 and 2010, from £446.1m to £495.1m. Rodney Cook, chief executive of Just Retirement, says: "Demand for enhanced annuities remains strong and Just Retirement continues to adopt a competitive rate position. "The group expects to report further growth in annuity sales in the second half of the current...