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Just Retirement’s equity release advances up 20.4% in 2010

Just Retirement’s equity release sales have increased by 20.4 per cent from £96.8m in 2009 to £116.5m in 2010.

In its interim results for the year ending December 31, 2010, group sales were £495.1m, up 11 per cent from £446.1m the year before.

The group registered a pre-tax profit of £25.5m, down 51.1 per cent from £52.2m the year before.

Just Retirement’s assets under management increase to £3bn compared to £2.8bn at June 30, 2010.

Chief executive Rodney Cook says: “Just Retirement is well positioned to benefit from the changes taking place in the retirement income market. While we will continue to focus on profitability and capital preservation, Just Retirement confidently expects growth in all of its key financial metrics when it reports its full year results.”


EU ministers meet to discuss Portugal bail-out terms

The European Union will meet today to discuss the terms of Portugal’s bail-out package following the countries request for aid yesterday. But it is doubtful whether Portugal’s caretaker government can agree to austerity measures that would be a condition of the loan, according to the BBC. Portugal’s out-going Prime Minister Jose Socrates’ government collapsed after […]

Annuity Income Data

The Retirement Strategy data pages are designed to offer a wide ranging view of the current annuity rates being offered from providers including impaired, flexible and asset-backed annuity options. The pages also put current rates into historical context, offer the latest annuity best-buy tables and give a general overview of the type of products each […]


Advisers on the alert over Barclays income bond

Advisers says the Barclays Stockbrokers five-year range 8 income bond could be too complex for many retail investors. The bond, which is underwritten by Societe Generale, aims for annual income of 8 per cent but the full income will only be paid if the FTSE 100 does not rise by more than 21 per cent […]


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