Just Retirement's annuity sales rose 18.4% to £151.5m in the third quarter compared to the same period last year, according to the provider's interim results.
Meanwhile, equity release mortgage advances have risen 160.3% to £39.3m as the group says it priced its products competitively in the summer months. Just Retirement Solutions, its equity release distribution platform, accounted for 11% of the group’s third quarter equity release sales. An annuity service will be added to this platform early next year. Overall, the group's sales rose 33.3% to £190.8m over the period and the provider managed to weather the impact of short-term adviser caution following the capital markets volatility. Mike Fuller, chief executive officer of Just Retiremen...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes