LONDON (ShareCast) - (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."

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