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Latest Finance News related to Just Retirement

Is equity release a good way to pay off your home loan? image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
.... Let’s take someone aged 72 with a £300,000 house. They could typically borrow a maximum of £123,000 from Just (the new name for the combined Just Retirement and Partnership Assurance), £114,000 from Aviva, or £96,000 from Hodge Lifetime, according to calculators on their websites. ...
Rising retirement age means that smart saving is more important than ever image
Source : Daily Express [Read Article] Sunday 8th of January 2017 12:01:00 AM
....Its Golden Age of Retirement report showed that only half the population stopped working at the age they had expected to. Aegon’s findings are echoed by separate research from Just Retirement, which also showed that many women are forced to stop work early to nurse a sick or elderly relative. ...
What you need to know about funding your golden years image
Source : Daily Express [Read Article] Wednesday 30th of November 2016 12:01:00 AM
....Drawdown is popular because you remain in charge of your money but it also carries risks. Stephen Lowe, director of retirement income provider Just Retirement, says annuities give you certainty while drawdown offers flexibility: “The value of your pension will rise and fall in line with the stock market, which will also affect the level of income you can take. ...
Five-minute guide to making the most of retirement image
Source : Daily Express [Read Article] Sunday 13th of November 2016 12:01:00 AM
....The challenge of making your pension last is even greater if you have a relatively small pot. Stephen Lowe, director at retirement income specialist Just Retirement, says those with total pension pots worth less than £100,000 may find drawdown is too risky: “Your pension may grow if your investments do well, but could quickly shrink if stock markets fall. ...
Pension savers pull £7.6BILLION from pots after freedom reforms  image
Source : Daily Express [Read Article] Wednesday 26th of October 2016 04:03:00 PM
....However, savers have been warned to consider the tax implications before pulling cash from pots. Stephen Lowe, group communications director at Just Retirement, said: "It appears we have reached a steady level of people exercising their pension freedoms to take on average £10,000 out of their pension pots. ...
Cashing in small pensions 'more popular' image
Source : BBC [Read Article] Wednesday 26th of October 2016 11:33:23 AM
...."It appears we have reached a steady level of people exercising their pension freedoms to take on average £10,000 out of their pension pots. That is enough to push someone on basic state pension into the next tax band, and almost certainly is for those who are still working," said Stephen Lowe, of provider Just Retirement. ...
Seniors miss out on vital pension credit payment image
Source : Daily Express [Read Article] Tuesday 23rd of August 2016 07:20:00 PM
.... . Stephen Lowe, group communications director at specialist advisers Just Retirement, said that while around 2million currently claim pension credit, another 1. ...

More than 90,000 Royal Mail told their final-salary pension is 'unaffordable' and may close
 image
....25pc last week, four of Britain's biggest insurers have cut pension payouts for savers turning their pension pots into a lifetime income through an annuity. Aviva, Legal & General, LV= and Just Retirement have all scrapped their best deals for new annuity customers and are offering rates up to 8pc lower than a few weeks ago at the beginning of July. ...
Pensioners warned to think twice about cashing in image
Source : Daily Express [Read Article] Wednesday 3rd of August 2016 12:01:00 AM
....Freedom costs . Stephen Lowe, director at Just Retirement, says just because you can take a cash lump sum doesn’t necessarily mean you should. ...
Don’t panic – yet. The Brexit vote has had a surprise effect on pension funds image
....Annuities have taken a hit, with pension companies cutting the amount they will pay the newly retired. Just Retirement and Retirement Advantage both announced cuts to their annuity rates: the former’s are down by around 2%. ...
Annuities take a hit as rates fall following Brexit image
Source : Guardian [Read Article] Monday 27th of June 2016 09:55:20 AM
....The first direct hit on pensions from Brexit came on Monday morning, as pension companies began to cut the amount they will pay people who are newly retiring. Just Retirement and Retirement Advantage have both announced cuts to their annuity rates, and experts said more were likely to follow. ...
Six million workers saving for first time: You’ve got to roll with company pensions image
....”. Stephen Lowe, Just Retirement’s group communications director, says auto-enrolment has reversed the slide in company pension membership, which had slipped to less than half of all workers in 2012: “Its brilliance is that you have to opt out, rather than opt in, which uses people’s natural inertia in a positive way. ...
Quarter of a million savers take advantage of pension freedom image
Source : Guardian [Read Article] Wednesday 27th of April 2016 02:12:34 PM
....Related: Over-50s risk pension scams as they shun expert advice. Stephen Lowe of specialist advisers Just Retirement said the figures showed the initial “freedom frenzy” had calmed down. ...
Ways to fight back against these sneaky price hikes image
Source : Daily Express [Read Article] Sunday 3rd of April 2016 12:01:00 AM
.... Take-up rates are worsening and many pensioner homeowners do not realise they can apply for state support. Stephen Lowe, communications director at Just Retirement, which conducted the research, says the numbers failing to claim state help has risen for the fifth year running. ...
1 in 3 UK savers use BISCUIT tins instead of banks to save cash image
Source : Daily Express [Read Article] Wednesday 9th of March 2016 07:45:00 AM
....Cuthbert said Government plans to put councils in England in charge of attendance allowance payments will make claiming even harder. Figures from specialist advisers Just Retirement found that around two thirds of pensioner homeowners are missing out on entitlements. ...
Act now to escape raid on pensions image
Source : Daily Express [Read Article] Wednesday 2nd of March 2016 07:10:00 AM
....Other changes Be warned, the Chancellor has a track record of delivering pension surprises. Stephen Lowe, at specialist adviser Just Retirement, says: “Despite all the speculation we will only know his plans for sure once he actually stands up and starts to deliver his Budget speech. ...
Double blow for victims of fraud: Revenue demands they pay tax on stolen money image
Source : Daily Express [Read Article] Tuesday 26th of January 2016 07:35:00 PM
....”. Stephen Lowe,  group communications director at advisers Just Retirement, warned that over-55s who withdraw money under pension freedom reforms should also beware. ...
Now is the time to be resolute on your finances image
Source : Daily Express [Read Article] Sunday 27th of December 2015 12:01:00 AM
....Two thirds of pensioners are throwing money away by failing to claim all their state benefits, such as pension credit. More than half fail to claim any benefit at all, according to advisers Just Retirement Solutions, losing an average of £707 a year, but some are missing out on up to £2,746. ...
Britain's biggest insurers get green light for European capital plans image
Source : Telegraph [Read Article] Saturday 5th of December 2015 01:36:43 PM
....” . Just Retirement said it had won full approval, meaning its planned merger with fellow annuity specialist Partnership Assurance has passed another hurdle and is on track to close early next year. ...
Santa rally can put stock market in a festive mood image
Source : Daily Express [Read Article] Saturday 7th of November 2015 09:17:00 PM
....Some 166,700 over-55s have drawn cash from their pension pot since April, taking £15,000 on average, while another 606,000 have withdrawn money through income drawdown. Stephen Lowe, director at specialist retirement income provider Just Retirement, warns that taking money from your pension is dangerous when markets are volatile. ...
Don't get caught out as millions pay for pension shuffle  image
Source : Daily Express [Read Article] Wednesday 28th of October 2015 08:31:00 AM
....Playing catch-up . Stephen Lowe, director at Just Retirement said: “If you fear you will get less state pension under the new system your choices include working for longer to build up more qualifying years or making a one-off payment to top up your state pension. ...
Annuities crash as sales dive by 90pc image
Source : Telegraph [Read Article] Wednesday 21st of October 2015 04:20:33 PM
.... . Specialist providers of annuities such as Just Retirement have been particularly hard hit – its sales fell 56pc on the year, and the firm is merging with its rival Partnership Assurance. ...
Swiss Re seals  £1.6billion Guardian deal image
Source : Daily Express [Read Article] Thursday 24th of September 2015 11:39:00 AM
.... Guardian was put up for sale earlier this year by private equity firm Cinven, under whose four-year ownership it has grown from 300,000 to 900,000 policyholders and from £8billion assets under management to £20billion. Its acquisition continues a wave of mergers and takeovers across the UK industry including Aviva buying Friends Life, Lloyd’s underwriter Amlin falling to Japan’s Mitsui Sumitomo and a tie-up between Just Retirement and Partnership Assurance. ...
City news: Merlin, Hobbycraft, Hier, Phoenix, Guardian image
Source : Daily Express [Read Article] Friday 18th of September 2015 09:37:00 AM
.... Earlier this year Aviva bought Friends Life in a £5. 6billion deal, Just Retirement and Partnership Assurance agreed to merge, while Swiss giant Zurich is closing in on RSA Insurance. ...
Just Retirement reports profit slump as Brits spurn annuities image
Source : Telegraph [Read Article] Thursday 17th of September 2015 08:02:02 AM
. Just Retirement has reported an 11pc fall in profits as it adapts to the recent pension reforms that have wiped out a significant slice of the annuities market. ...
Pension freedoms: 2.2m face charges to access money image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 06:42:11 PM
.... . Steve Lowe, director at Just Retirement, a pension firm said: "These figures are breath-taking when you consider the bulk of that money was built up to help people pay the bills in retirement. ...
Longer life expectancy could prove expensive image
Source : Daily Express [Read Article] Sunday 6th of September 2015 04:05:00 PM
.... During that period, it has climbed from 51 to 79 years for men and 55 to 83 years for women. Stephen Lowe, director at annuities group Just Retirement, says this does not mean everybody will be living longer: “Some may die within a few years of retirement, but around one in 10 people aged 65 will live beyond 100. ...
Longer life expectancy could prove expensive image
Source : Daily Express [Read Article] Sunday 6th of September 2015 12:15:00 AM
....During that period, it has climbed from 51 to 79 years for men and 55 to 83 years for women. Stephen Lowe, director at annuities group Just Retirement, says this does not mean everybody will be living longer: “Some may die within a few years of retirement, but around one in 10 people aged 65 will live beyond 100. ...
A five-minute guide to claiming state help in retirement image
Source : Daily Express [Read Article] Sunday 23rd of August 2015 12:01:00 AM
....If you or an elderly relative or neighbour are missing out, now could be the time to check what financial help is available. An astonishing two thirds of pensioner homeowners fail to claim key State benefits, according to new data from advisers Just Retirement Solutions. ...
Big deal: takeover fever returns as memories of the crash recede image
Source : Guardian [Read Article] Saturday 15th of August 2015 03:00:05 PM
....A further sign of how the latest M&A boom marks a recovery from the banking crash is the deal activity among financial services companies. Last week, two annuity-focused insurers that had been hit by changes in government regulation, Just Retirement and Partnership, announced a £1. ...
Source : Independent [Read Article] Thursday 13th of August 2015 01:07:56 AM
. The great annuities merger of Just Retirement and Partnership Assurance must break new records in the number of City advisers scrambling to claim credit. ...
Source : Independent [Read Article] Wednesday 12th of August 2015 12:20:01 AM
....The first served as a reminder of the Pru’s strength in diversity. The annuities change in Osborne’s Budget last year, while strychnine for Just Retirement and Partnership Assurance, registers as barely a pimple on a global beast like the Pru. ...
Insurance giants may be taking their dying breath image
Source : Telegraph [Read Article] Tuesday 11th of August 2015 08:30:21 PM
.... . However, it is hard not to afford a wry smile at the irony of the industry’s two biggest operators Just Retirement and Partnership Assurance being forced to seek salvation in one another’s arms by the threat of premature demise. ...
Chinese yuan: everything depends on what happens next image
Source : Guardian [Read Article] Tuesday 11th of August 2015 06:45:01 PM
.... It would be disgrace if the full account of the Co-op Bank’s horrors takes as long to appear as the postmortem on HBOS. When specialist annuity providers Just Retirement and Partnership Assurance came to the stock market in 2013 they were worth a combined £2. ...
Yuan devaluation pulls down FTSE 100 image
Source : BBC [Read Article] Tuesday 11th of August 2015 08:48:58 AM
....Serco is attempting to revive its fortunes following problems with a number of failed contracts, including a scandal over tagging criminals. Shares in Just Retirement Group rose in early trading but then fell back to stand 5. ...
Burberry leads FTSE lower as China devalues yuan image
Source : Guardian [Read Article] Tuesday 11th of August 2015 08:41:33 AM
....5p after Citigroup started coverage with a buy rating and 720p price target. Just Retirement has jumped 1. ...
Pension firms Just Retirement and Partnership agree £1.7bn merger image
Source : Telegraph [Read Article] Tuesday 11th of August 2015 08:38:14 AM
.... . Just Retirement and Partnership Assurance said the all-share tie-up would give them a bigger platform to offer their annuities to pensioners with pre-existing medical conditions and shortened life expectancy. ...
Specialist insurers merge to offset radical UK pensions reforms image
Source : Guardian [Read Article] Tuesday 11th of August 2015 08:31:45 AM
....6bn group. Just Retirement and Partnership Assurance, both involved in the annuities market, lost half their market capitalisation last year when the chancellor changed the rules to give retirees greater flexibility over pensions. ...
Is equity release a sensible way to provide for your old age? image
Source : Guardian [Read Article] Saturday 1st of August 2015 06:01:02 AM
....How much? The amount you can borrow usually depends on your age, the value of your property and sometimes your health. Someone aged 71 with a £300,000 house could typically borrow a maximum of £120,000 from Just Retirement, or £111,000 from Aviva, according to calculators on their websites. ...
Just Retirement rues new pension freedom rules image
Source : Daily Express [Read Article] Wednesday 13th of May 2015 09:09:00 AM
Pension industry calls on new minister to tackle the advice gap image
Source : Telegraph [Read Article] Tuesday 12th of May 2015 02:46:19 PM
.... . Vanishing demand for annuities has been keenly felt at Just Retirement, which on Tuesday reported a 22pc fall in total sales to £1. ...
The Week Ahead: Consumer confidence will be in the spotlight this week image
Source : Independent [Read Article] Sunday 10th of May 2015 10:58:33 PM
.... However, the carrier has warned it could be buffeted by volatile exchange rates and oil prices. Tomorrow will also bring an update from the pensions provider Just Retirement, full-years from Experian and Enterprise Inns’ interims. ...
Pensions provider Curtis Banks weighs up an IPO image
Source : Telegraph [Read Article] Sunday 19th of April 2015 05:33:59 PM
.... . Just Retirement and Partnership Assurance, annuity providers that floated on the main stock market in 2013, had their shares battered by the news that pensioners would no longer be required to buy an annuity to lock in their income for life. ...
Source : Independent [Read Article] Friday 10th of April 2015 12:17:12 AM
....7p at 485p, after the investment giant launched four new low-cost funds pitched at retirees keen on dipping into their savings. Just Retirement jumped 7. ...
Uncertainty reigns at dawn of new era for pensioners image
Source : Telegraph [Read Article] Sunday 5th of April 2015 07:58:38 PM
. The London Underground, once invaluable as an air-raid shelter during the War, was not where Just Retirement director Steve Lowe wanted to be when the pensions bombshell dropped last March. ...
Savers to be told if their annuity is a rip-off image
Source : Telegraph [Read Article] Wednesday 25th of March 2015 10:00:56 PM
.... . If the man smoked, he could get £4,360 from Prudential, compared to £5,237 from Just Retirement, the best provider in the tests. ...
Switches, scams, holiday plans? UK pension industry braces for 'Freedom Day' image
....Annuities have already felt the heat of the changes, with a drop-off in sales of 50 percent after the reforms were announced as people held off from buying one and instead waited for the rule change to go live. That hurt insurers such as Legal & General and Just Retirement, and contributed to industry consolidation, led by the planned 5. ...
New pension rules to let retired savers cash in annuities image
Source : Telegraph [Read Article] Thursday 12th of March 2015 10:00:16 PM
.... . Steve Lowe, director of pension company Just Retirement, said: "As well as exchanging annuities for cash, we expect some people will want to reconfigure their retirement income, perhaps to ensure their spouse is better protected when they die. ...
Source : Independent [Read Article] Saturday 7th of March 2015 12:02:48 AM
.... ITV is at a 15-year high, having risen 10 per cent since its results on Tuesday. Just Retirement has been trading close to one-year highs since its results last week, and its private equity backer has taken the opportunity to cash out. ...
Just Retirement falls on share sale image
Source : Telegraph [Read Article] Friday 6th of March 2015 06:34:28 PM
. When Permira sold shares in Just Retirement at its flotation 16 months ago, the stock fetched 225p apiece, valuing the annuities provider at £1. ...
Legal & General's profits propped up by pension annuity sales image
Source : Telegraph [Read Article] Wednesday 4th of March 2015 08:24:00 AM
.... . L&G is one of the biggest players in the bulk annuity market and follows smaller annuity providers Just Retirement and Partnership reporting an increase in company annuity sales. ...
MARKET REPORT: BHP Billiton lead the way as mining companies beat expectations image
Source : Daily Express [Read Article] Wednesday 25th of February 2015 10:33:00 AM
....Mobile phone giant Vodafone Group reverse charges 6¼p to 226½p as Bank of America Merrill Lynch cut its neutral rating to underperform, while aerospace groups Meggitt and GKN slipped 34p to 537p and 12½p to 373½p after annual results. A strong first-half performance boosted specialist annuity provider Just Retirement 22¾p to 166¼p and animal genetics company Genus 99p to 1388p. ...
Just Retirement shares rocket after surprisingly strong results image
Source : Telegraph [Read Article] Tuesday 24th of February 2015 02:19:49 PM
. Shares in Just Retirement surged more than 15pc on Tuesday morning after it revealed that it had weathered the pension reforms much more strongly than expected, with a string of bulk annuity deals partly offsetting the slump in individual annuity sales. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Tuesday 24th of February 2015 09:42:29 AM
....5% despite it reporting a 44% rise in full-year profit to £475m. In the FTSE 250, shares in Just Retirement Group jumped 16% after the annuity provider's latest results suggested it was coping with the planned changes to the pensions market, which will mean annuity purchases are no longer compulsory. ...
Week ahead in business and economics: February 23 - 27 image
Source : Telegraph [Read Article] Sunday 22nd of February 2015 07:10:33 PM
.... . Full-year results: GKN, Drax, Provident Financial, Persimmon, Aer Lingus, Mondi, Meggitt, Yorkshire Building Society Interim results: Ashmore, DotDigital, Just Retirement, BHP Billiton Trading update: None Economics: BCC trade confidence index, Oil & Gas UK annual activity survey, EU consumer price index, US consumer confidence Meetings: None . ...
Warn savers about huge tax bills on pensions, firms told image
Source : Telegraph [Read Article] Monday 26th of January 2015 07:58:04 PM
...." . Steve Lowe, director of pension provider Just Retirement, said the rules filled "an important gap that could have wrecked the reforms if it hadn’t been plugged. ...
Pension firms must ask consumers more questions, says City Watchdog image
Source : Independent [Read Article] Monday 26th of January 2015 03:29:45 PM
....". Stephen Lowe of Just Retirement said: "This was a gap that could have wrecked the pension freedom reforms had it not been plugged. ...
'I spent £100,000 on an annuity and weeks later was diagnosed with cancer' image
.... 'Cooling off' period confusion . Stephen Lowe, director at Just Retirement, described the circumstances of Mr Archer’s case as “regrettable”. ...
Simon Read: How to live your retirement to the full image
Source : Independent [Read Article] Friday 12th of December 2014 06:28:12 PM
....And that’s precisely what annuities offer, although payouts have been consistently low in recent times and suppliers accused of cutting returns to increase their own profits. One solution is to introduce a clear divide between people saving into a pension during their working years and the drawing out of it during retirement, reckons Just Retirement. ...
Eight ways to meet soaring future care home costs image
Source : Telegraph [Read Article] Tuesday 9th of December 2014 08:03:33 AM
.... . These are short-term annuities, currently offered by three companies - Friends Life, Partnership and Just Retirement - where you invest a significant sum to produce substantial income for just few years. ...
Insurance merger between Aviva and Friends Life divides the City image
Source : Independent [Read Article] Tuesday 2nd of December 2014 11:11:55 PM
....Unsurprisingly, annuity sales fell by almost a third during the first half of 2014 and are expected to tumble further. Companies like the newly listed Partnership Assurance and Just Retirement – which both specialise in selling annuities to people who are ill – are having to completely overhaul their operations in order to survive. ...
Insurers and fund firms battle it out for pensioners' cash image
Source : Reuters [Read Article] Wednesday 26th of November 2014 07:33:18 AM
....He cited some examples, however, such as variable annuity-type products from the likes of Metlife, which convert part of their savings into a guaranteed income, while leaving some to invest. Just Retirement is also planning a similar product, finance director Simon Thomas said. ...
How to get a guaranteed pension that lives on after you've died image
Source : Telegraph [Read Article] Saturday 22nd of November 2014 08:12:47 AM
.... . The research shows a 65-year-old male who is overweight and has high blood pressure and high cholesterol could swap £100,000 for a single life level annuity from Just Retirement worth £6,593 a year. ...
Mark Dampier: Strong returns can be found if you go the opposite way to the crowds image
....That he is currently finding very few long-term investment opportunities in the market says something about his current mood. Many of the stocks he has recently purchased have been short-term opportunistic trades, such as investments in Just Retirement and Partnership. ...
Kurdistan oil groups on the rise  image
Source : Telegraph [Read Article] Monday 10th of November 2014 08:34:56 PM
....Carr’s Milling Industries has full-year results today, while Aveva and e2v Technologies have interim figures. Hammeron, Hiscox, Just Retirement, Morgan Advanced Materials, Redrow and Trinity Mirror all have management statements and Lonmin has a production report. ...
Take your mortgage to the grave, older borrowers told image
Source : Telegraph [Read Article] Tuesday 28th of October 2014 10:00:35 PM
.... . Steve Lowe of financial services firm Just Retirement said: "It would be unacceptable for borrowers to default to a lifetime mortgages as these type of loans require specialist advice, with families sitting down to discuss the consequences over many months before signing on the dotted line. ...
Equity release: how much can you borrow and how much could it cost? image
Source : Telegraph [Read Article] Tuesday 21st of October 2014 06:05:14 AM
.... . Stephen Lowe of Just Retirement, a provider, said: “Most people release equity to top up pension savings and so there is relatively little flexibility about when they do it. ...
MARKET REPORT: Asos shares rebound amidst Amazon takeover talk image
Source : Daily Express [Read Article] Tuesday 7th of October 2014 01:08:00 PM
....6billion bid for fellow US company CareFusion. Recruitment giant Hays rose 63/4p to 1223/4p ahead of a trading update due on Thursday as Morgan Stanley told clients to buy with a 160p target, while buy support from Deutsche Bank lifted specialist annuities provider Just Retirement 6p to 1261/4p. ...
Source : Independent [Read Article] Tuesday 7th of October 2014 12:07:53 AM

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