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Just Retirement Q3 sales rise 32%

Just Retirement’s third quarter group sales increased 32 per cent, from £290m in 2011 to £380m this year, driven by a surge in annuities business.

Sales of annuities, including enhanced and fixed-term products, increased 35 per cent from £232m in Q3, 2011 to £313m in Q3 this year.

Equity release sales increased 18 per cent, from £58m in the third quarter last year to £69m in Q3 this year.

Just Retirement chief executive Rodney Cook says: “Sales for the group in 2012 show an upward trend for both products and we expect to maintain a competitive position in both markets to enhance our market leading position.

“Our fixed-term annuity product, the first in the UK with an enhanced annuity conversion feature, has achieved pleasing results as advisers look for alternatives to standard annuities for those customers in good health.”



BSA conference: Europe treaty will fail, says Darling

The European fiscal stability pact is akin to the Treaty of Versailles and will not work says former chancellor Alastair Darling. Speaking to the Building Societies Association conference in Manchester today, Darling said the pact is not working because it offers so little hope to people. Over the weekend Francois Hollande was elected president of […]

Skandia assets top £40bn as total platform assets near £200bn

Skandia has seen its assets under administration increase to £40.2bn in the first quarter of 2012, an increase of 6 per cent from £38bn in Q4 2011, according to The Platforum. Cofunds’ assets increased by 10 per cent to £39.2bn, from £35.8bn at the end of last year, while FundsNetwork has seen an increase of […]

European mortgage directive delayed again

A key stage in voting through the European mortgage directive has been delayed for the fourth time. The European Parliament’s Economic and Monetary Affairs committee was due to vote on its amendments to the legislation yesterday, but this has now been delayed until May 14. The vote was originally scheduled to take place in December […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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