View more on these topics

Just Retirement Q2 sales rise 30% to £324m

Just Retirement has reported a 30 per cent surge in new business from £249.6m in the three months to December 31, 2010 to £323.7m during the final three months of 2011.

The provider’s performance was boosted by strong annuity and equity release sales. Annuity sales increased 24 per cent from £202.9m in the three months to 31 December, 2010 to £251.1m during the same period in 2011.

Equity release sales were up 55 per cent from £46.7m in the final three months of 2010 to £72.6m in the corresponding period of 2011.

The results mean Just Retirement’s total sales have grown by almost 33 per cent in the first half of the year, increasing from £495.1m in the six months to December 31, 2010 to £657.1m in the three months to December 31, 2011.

Just Retirement chief executive Rodney Cook says: “Just Retirement is well positioned to benefit from the changes taking place in the retirement income market due to our continued investment in product and service innovations for financial intermediaries and their clients.”

Recommended

Andrew Jones confirmed as HML chief exec

HML interim chief executive Andrew Jones has been given the job permanently. Jones has been doing the job for the past three months, since former chief executive Brian Brodie vacated the post in November. Chief commercial and finance officer Neil Warman left the firm at the same time as Brodie. Last month, Money Marketing was […]

The MMR vaccine

Two years, ago I wrote an article, “Have you had your MMR jab?” and although we are still 18 months away from implementation, some of the main themes still resonate. As intermediaries, we have worked with the proposed change, as consumer behaviour will continue to drive changes to mortgage requirements. For example, if we compare […]

FSA shuts down sale and rentback

The FSA has temporarily closed the entire sale and rentback market after its review of the sector found most transactions were either unaffordable or unsuitable and should never have been sold. Last March, the FSA launched a review of the sales practices of all regulated sale and rentback firms. Its report, published last week, shows […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com