Year-end boost at Just Retirement

Annuity provider Just Retirement yesterday announced a 64.3 per cent spike in revenue for the final quarter of last year. The company recorded £412.5m in annuity sales for the period, while equity release sales also grew – although more modestly – up 8.3 per cent to £78.6m in the fourth quarter of 2012. Yet CEO Rodney Cook warned that one-off factors played a part: “We expect volumes in the next quarter will be significantly lower than these exceptional market levels.”