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Just Retirement plans to increase sales of pension annuities

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(Bloomberg)–Just Retirement plans to increase sales of pension annuities to smokers and people with impaired health by boosting its presence on price comparison websites, the Financial Times reports, citing CEO Rodney Cook.

  • Price comparison sites’ sales currently make up less than 1% of co.’s premium income, FT says

  • Cook said the deceleration in sales via independent financial advisers is temporary; intermediaries to remain important sales source: FT

  • NOTE: Just Retirement held IPO on Nov. 12; shares up 15% since then, up 16.4% since start of Jan.: data compiled by Bloomberg

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