Just Retirement annuity sales 'half pre-Budget levels'

clock

Just Retirement is "rapidly adapting" its business model to accommodate changes to pensions announced at Budget 2014, after disclosing annuity sales are "at around half of pre-Budget levels".

The provider said operating conditions had become "much tougher" since the Budget after announcing third quarter individual annuity sales - for the three months to 31 March - of £288m, up a third o...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Limited DC members regularly engaging with their pensions

Limited DC members regularly engaging with their pensions

LCP says industry must ‘crack the code’ to unlock the full potential of the DC sector

Martin Richmond
clock 15 May 2024 • 2 min read
Well-managed defaults key to ensure late decision-making majority are not penalised

Well-managed defaults key to ensure late decision-making majority are not penalised

Survey finds majority only make pension decisions one year or less before retirement

Jonathan Stapleton
clock 14 May 2024 • 1 min read
Industry backs enrolling employees into schemes at maximum contribution levels

Industry backs enrolling employees into schemes at maximum contribution levels

PP poll finds 56% of respondents favour proposals in paper published by WTW

Martin Richmond
clock 08 May 2024 • 1 min read
Trustpilot