The group’s total full year sales for enhanced annuities and equity release mortgages rose by 29.0% to £1.4bn. The firm made pre-tax operating profit of £87.1m in the year to 30th June 2012, up 15.7% on the previous 12 month period.

Just Retirement said in its annual results that a rise in sales was particularly pleasing because of the difficult market conditions it had faced. It added that new products launched in the past year had exceeded expectations.

The group also predicted growth in all areas of the business in the next 12 months.

Rodney Cook, chief executive of Just Retirement, said: “We are pleased to report good results for the year to June 2012, in which the business once again has broken records across many of its key metrics, despite the challenging market conditions and difficult times for the economy.

“We are grateful for the support received from financial intermediaries, our partners, customers and from the excellent team at Just Retirement.”

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Voting is still open for the Equity Release Awards 2012, which will be held at Merchants Taylors’ Hall in London on 27th November 2012. Click HERE to find out more.