Just Retirement has announced a ‘record' 64% increase in annuity sales over the past year.
Total annuity sales increased to £412 million in the three months to 31 December 2012. Annuity sales had reached £251 million in the same period last year. Rodney Cook, chief executive officer of Just Retirement [pictured] said he was pleased to announce record sales for enhanced and fixed term annuities. In addition, equity release sales reached £79 million. This is an 8% increase from £73 million compared to the same period last year. And overall, group sales increased by 52% to £491 million between 2011's Q2 and 2012's Q2. Cook added: "I am pleased to announce record sales re...
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