Just Group PLC (JUSTJ.L)
Thu, Sep 6 2018
Proposed rule changes for lifetime mortgages are already raising the price of retirement products for British pensioners and curbing mortgage lending to younger Britons, pensions provider Just Group's chief executive said on Thursday.
* In terms of mortgages, will lend less to younger people- CEO
Sept 6 British pensions provider Just Group Plc posted an 85.1 percent jump in first-half adjusted operating profit on Thursday, but said it was delaying issuing a dividend due to the threat to its finances from proposed changes around lifetime mortgages.
* SAYS RETIREMENT SALES GROWTH FOR THE FIRST-HALF OF 2018 WAS 62 PERCENT COMPARED WITH A YEAR EARLIER, DRIVEN BY EXCEPTIONAL DEFINED BENEFIT DE-RISKING ("DB") SALES.
LONDON Private equity investor Permira said on Friday it had sold its entire stake in British specialist pensions provider Just Group for 143 pence a share.
LONDON, May 18 Private equity investor Permira said on Friday it had sold its entire stake in British specialist pensions provider Just Group for 143 pence a share.
LONDON Shares in specialist British pensions provider Just Group jumped 7 percent on Thursday after it posted a sharp rise in first-quarter sales helped by its company pension scheme business.
LONDON, May 17 Specialist pensions provider Just Group posted a 43 percent rise in retirement income sales in the first quarter, helped by strong performance in company pension scheme business, it said on Thursday.
* RETIREMENT INCOME SALES FOR Q1 18 WERE 43% HIGHER COMPARED TO Q1 17