Equity release drives sales increase at Just Retirement

Equity release specialist Just Retirement has posted improved sales for the three- and six-month periods ended December 31.

Second-quarter group sales grew 7.4% year-on-year to £249.6 million, while second-half group sales rose 11% to £495.1 million. Equity release sales increased by 20.4% during the six-month period to £116.5 million.

Rodney Cook, CEO at Just Retirement, commented: “Second-quarter sales for the group continue to show the resilience of Just Retirement’s business model despite challenging market conditions for annuity providers.”

He added: “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.”