Just Retirement’s total annuity sales have exceeded £800m for the first time according to its latest results.
Figures have shown that sales for its annuity policies increased from £519.4m to £800.4m between 31 December 2011 to 31 December 2012, a 54.1 per cent change.
Total sales of new business reached £946.6m on 31 December 2012 compared to £657.1m on 31 December 2011 a 44.1 per cent change.
Just Retirement chief executive officer Rodney Cook said: “These high sales volumes have benefited from increased total market activity by financial advisers to bring forward business ahead of the December dates for gender based pricing and the Retail Distribution Review. We expect volumes in the next quarter will be lower than these unusual market levels.”
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