Just Retirement annuity sales reach £800m

According to the interim results, this is an increase of 54% compared to the final six months of 2011 where sales reached £519.4m Meanwhile equity release advances modestly grew by 6% to £146.2m over the same period. This comes as the group achieved ‘record' total sales of £946.6m for the second half of 2012. This is an increase of 44% compared to the same period in 2011. Overall the value of new business increased by 19% to £55.5m, up from £46.7m in 2011. Rodney Cook, chief executive of Just Retirement said: "These high [annuity] sales volumes have benefited from increased tot...