European policymakers must recognise the benefits of equity release in order to support the continent’s aging population, Just Retirement has urged.
Just Retirement, the UK’s second biggest provider of equity release mortgages, has announced its latest set of interim results.
More lenders need to launch into the equity release market for the industry to keep up with a “tsunami” of demand, an equity release specialist has argued.
Other Just retirement articles
Lloyds banking Group-owned BM Solutions was awarded the title ‘Lender of the Year' at the Tenet Group annual business conference last Friday.
Stephen Lowe, group external affairs and customer insight director, Just Retirement examines the options open to ageing interest-only borrowers
Just Retirement’s value of new business after tax rose almost 50% to £82.8m for the year ending 30 June 2011.
The provider's equity release sales reached £116.5m by the end of 2010, representing a 20.4% increase on H2 2009's £96.8m value.
Rodney Cook has joined Just Retirement, the specialist UK life assurance group as chief executive.
Prudential is to withdraw from the equity release sector in the first quarter of 2010 after deciding to deploy capital to other parts of its business.
Just Retirement has recommended a buyout offer from private-equity firm Permira to acquire its firm for almost £230m.