Rodney Cook, CEO Just Retirement, said;
“The business has secured sales of over £1 billion for the first time in its history. It has maintained or enhanced its market leading positions within the markets for its two products. During the year, Just Retirement was acquired for £228m by Avalon Acquisitions Limited (“Avalon”), a company backed by funds advised by Permira Advisers LLP. Avalon subsequently injected a further £25m of capital into the business. The business won Financial Adviser 5 Star Awards for both annuities and equity release mortgages for the fifth and second time respectively and, in so doing, was accorded the accolade of “Company of the Year”. Also, Just Retirement was ranked within The Sunday Times “100 best companies to work for” on its first entry to the survey. By any measure, this has been a year of considerable accomplishment.
Kevin Stelfox, Sales Director at Retirement Solutions commented: “This is excellent news for Just Retirement and I am delighted for them. As far as I am concerned our business uses them for both annuities and equity release products, we have always found them to be extremely efficient and have always voted for them in the adviser awards. In particular I am glad that equity release is picking up as this market has struggled for a couple of years now”
Retirement Solutions are independent financial advisers and give independent advice on annuities and equity release products.
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