Just Retirement’s sales up 24% in Q2
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Just Retirement Limited has reported new business sales of £350.1m for the three months to the end of June, a 23.6% increase on the same period last year.
It announced £67.4m in equity release sales, up 1.4% on Q2 2010’s figure of £66.5m.
Rodney Cook, chief executive officer of Just Retirement, says: “Sales for the group have grown 23.6% in the last quarter and by 13.3% for the 12 month period ending 30 June compared to the corresponding periods last year.
“These results continue to demonstrate the resilience of Just Retirement’s business model and commitment to further extend our leadership position in our chosen retirement market segments, despite challenging market conditions.”
He adds that the group believes the equity release market has significant potential for long-term growth, which will become more apparent as other distributors enter the market and we see further product innovation following the Dilnot report.
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