Just Retirement new business up 33%

The figures come after the provider's equity release figures slumped between July and September 2011 and it predicted a further slowdown in business for 2012. The value of new annuity business grew by 37.2%, from £373.6m in the same half in 2010 to £519.4m in 2011. Equity release sales grew from £116.5m to £137.7m, or by 18.2%. Rodney Cook, chief executive of Just Retirement, said: "We continue to be the leading provider of enhanced annuities and the second largest provider of annuities to the total open annuity market." In October, when the provider released its quarterly sales...