Just Retirement sees equity release sales rise 20% year-on-year
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Just Retirement says six month group sales grew by 11% year-on-year to £495m driven by a 20% increase in equity release sales.
Equity release sales for the six month period up to the end of 2010 grew year-on-year to £116.5m.
Rodney Cook, chief executive officer of Just Retirement, says: “Just Retirement is well positioned to benefit from the changes taking place in the retirement market. We are securing additional distribution partnerships and have plans to bring further innovation to the market before the end of the year which will help financial advisers and their clients, as well as assisting Just Retirement to extend its market position.”
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Readers' comments (1)
Simon Chalk | 14 Feb 2011 11:01 am
Any increase in equity release sales is to be welcomed but it would be good to know whether this is driven by intermediaries or Just Retirement's own multi-tied advisers. If the latter, then it isn't the sort of progress that our sector needs. Simon Chalk, Later Life Planner, LaterLiving.
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