Just Retirement annual annuity sales hit record £1.34bn

The firm's fourth quarter results for 2012/2013 said annual total group sales were also a record at £1.65bn, an increase of 12.9%. It added lifetime mortgage sales had also increased 14.7% to just over £309m to the year ending 30 June this year. Chief executive Rodney Cook said record sales were "particularly pleasing" in light of recent regulatory changes, such as the Retail Distribution Review and European gender directive. However, he added: "As predicted, there has been some volatility in the quarterly pattern of annuity sales transactions as distributors have adapted to the re...