Buy-in business offsets individual annuity slump at Just Retirement

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A 57% slump in individual annuity sales at Just Retirement has been largely offset by a rapid expansion of its buy-in and buyout business, according to the insurer's latest results.

Just Retirements annual results, the first to show fully effects of the 2014 budget, show individual annuity sales dropped from £1.1bn to £478m. But annual bulk annuity sales rose from £92m to £...

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