Just Retirement Q1 IMS

10 November 2014

Just Retirement Group plc announces its first quarter interim management statement for the period ended 30th September 2014.

Rodney Cook, Chief Executive Officer of Just Retirement said:

“We believe these figures compare favourably with realistic expectations in the post-Budget world.

Our DB team continues to win new schemes, which will help us should demand for IUAs weaken further in the run up to the pension reforms in April 2015.

Our success in the DB market also demonstrates that Just Retirement retains the entrepreneurial spirit of a company currently celebrating only its 10th anniversary. This gives me confidence that our new generation of post-Budget retirement income products will contribute to revenue momentum in 2015. Our unique medical underwriting skills will be more relevant than ever to those financial advisers with a duty to ensure that their customers do not outlive their savings.

Consistent with our October statement we remain on track to meet our full year sales expectations, despite difficult market conditions, particularly for IUAs. This reflects our continuing success in the DB market, including the new deal announced today, ongoing core demand for IUA, and firm demand for lifetime mortgages.”

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