Just Retirement business sales up

Nia Williams

November 15, 2010

Its Q1 new business sales were up 14.9% to £245.5 million, with annuity policies up 7.5% to £175.7 million.

Commenting, Just Retirement CEO, Rodney Cook, said: “Demand for equity release mortgages remained strong. We believe that this reflects the combined effects of fewer providers in the market place and the growing acceptance of the product as a logical option for retirement income planning

“ During the period, I am pleased to report that Just Retirement supported the launch of the Saga equity release product. We remain convinced that this market has long term growth potential which will become more apparent as providers with the provenance of Saga enter the market place.

“Overall, the first quarter has seen the Group maintain its strong growth trajectory. While the trading background remains challenging, I believe that Just Retirement has considerable and growing competitive strengths. As a result, I continue to view the future with confidence.”

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