Market News

Just Group Q3 new business sales up 35%

31/10/2018 08:05

(Sharecast News) - Retirement services company Just Group on Wednesday said third quarter new business sales rose 17% to £765, driven by de-risking on defined benefit pension schemes. Defined benefit de-risking rose 35% year-on-year to £363m and almost doubled in the nine months to September 30 to £1.08bn. Guaranteed income for life sales for the nine month period were up 3% to £627m with volumes slowing as pricing increases took effect. "The markets in which we operate are generally buoyant," said chief executive Rodney Cook. "The defined benefit market has seen increased activity all year and the industry pipeline is very strong."

Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.

Walker Crips Group plc (Old Change House, 128 Queen Victoria Street, London EC4V 4BJ), registered in England, registered number 1432059, incorporates the following companies which are authorised and regulated by the Financial Conduct Authority: Walker Crips Investment Management Limited registered in England number 4774117 member of the London Stock Exchange, Walker Crips Wealth Management Limited registered in England number 3790291, Ebor Trustees Limited registered in England number 3514268, Barker Poland Asset Management LLP registered in England and Wales number OC341149.