Just Group PLC (JUSTJ.L)
18 Jan 2019
* SAYS RETIREMENT INCOME SALES FOR 9M18 WERE 44% HIGHER THAN FOR 9M17
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 Britain's FTSE 100 futures were down 0.1 percent ahead of the cash market open on Thursday.
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.