For the 12 months to 30th June 2011, total group sales grew 13.3% compared to the previous year. This was attributed to a growth in equity release mortgage advances which increased 22.7% when compared to the previous year.
Rodney Cook, chief executive officer at Just Retirement, said: “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.
“Our ability to grow sales in volatile markets demonstrates the strength of Just Retirement’s service and product offerings. Just Retirement is well positioned to benefit from the changes taking place in the retirement market and we remain committed to introducing further innovations in retirement incomes for customers.”
