Just Retirement annuity sales up 18.4%

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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...

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