just retirement

Just Retirement's group sales hit £1bn for the first time during the year ending June 30 2010, which is a 33% year-on-year increase.

Life assurance group Just Retirement has acquired The Open Market Annuity Service (TOMAS) in a bid to streamline annuity shopping.

An overwhelming majority of annuity customers use the internet for shopping, research, financial management and communication, research from Just Retirement reveals.

Between 55% and 65% of people due to retire may have conditions that qualify them for enhanced or impaired life annuities, research from Just Retirement says.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

Just Retirement generated record new business in the 12 months to June, exceeding the £1bn mark for the first time.

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New annuity business at Just Retirement rose to £238.6m in the first three months of 2010, an increase of 87% and £111m on the same period last year.

Just Retirement founder Mike Fuller will step down as chief executive in the summer.

Just Retirement sales have climbed by more than 25% year-on-year, it reported today.