14 January 2021 | 09:37am
StockMarketWire.com - Financial services company Just Group reported a rise in annual retirement income sales on new business wins.
The company also said it had further reduced its exposure to UK property risk following the sale of a book of £540 million of lifetime mortgages.
For the year ended 31 December 2020, Retirement Income sales were up 12% to £2.1 billion, with defined benefit de-risking sales rising 22% during the year to £1.5 billion.
'During the year we have written 23 transactions. DB De-risking sales in the second half of the year were over £1bn, a record six months for the group,' the company said.