Just Retirement has reported record sales of annuities and equity release mortgages totalling almost £1.5bn and increased its operating profit by 15.7% to £87.1m.
The group's annual results said annuity sales were up 33% to £1.2bn and equity release mortgages advances were up to 11.4% to £270m. Chief executive Rodney Cook said: "We are pleased to report good results for the year to June 2012, in which the business once again has broken records across many of its key metrics, despite the challenging market conditions and difficult times for the economy." Just Retirement's total sales of £1,465m increased by 29% compared to the previous year. Cook said the firm strengthened its hold on the enhanced annuity market and was the second largest pro...
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