Just Retirement sees 17% uplift in equity release sales

Just Retirement saw a 17.5% increase in equity release mortgage advances in the three months to March 2012, up to £68.6m.

Overall, its group sales totalled £381.8m, up 31.7% compared to the same period last year.

While it saw annuities sales of £313.2m, an increase of 35.2% on the same time last year.

Rodney Cook, chief executive officer of Just Retirement, says: “Sales for the group in 2012 show an upward trend for both products and we expect to maintain a competitive position in both markets to enhance our market leading position.”