Just Retirement annuity sales hit £313m

The firm said it achieved record total group sales of £381.8m - an increase of more than 31% over the quarter. Equity Release mortgage advances were up 17.5% to £68.6m. Rodney Cook, chief executive of Just Retirement, said sales of fixed term annuities were increasing as "as advisers look for alternatives to standard annuities for those customers in good health". He added: "Our long standing commitment to lead reform in the annuity market to deliver transparency and create default ‘shopping around' received support from the Association of British Insurers board in March. This is welcom...