Just Retirement expects record sales
www.moneynews.co.uk > Pensions > Just Retirement expects record sales
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Money News |
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Just Retirement expects record sales
Thu 30th Apr 2009
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The company said that its figures for the quarter ending on March 31st gave it good reason to believe that its sales will continue to rise.
Chief executive Mike Fuller explained that Just Retirement's current trading is strong, based on record levels of quotation activity and an increasing number of applications for annuities.
He added: "We therefore expect total sales for the fourth quarter to exceed £200 million for the first time ever, with annuity sales at record levels."
Mr Fuller said he also expected the company's equity release business to make steady progress from the level achieved in the third quarter.
Just Retirement is currently the sixth largest provider of annuities and the second largest provider of equity release in the UK. It manages assets with a net worth of £1.4 billion.
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