Secondary Recommendation

Just Retirement - Sale of enhanced annuities going through the roof

March 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Just Retirement (not listed in FT), which sells financial products offering a higher than normal income to retirees with lower than average life expectancy, has seemingly come from nowhere to take a very large slice of the financial services market. The difficult scramble to engineer a comfortable retirement has created huge demand for these so-called "enhanced annuities" and this has driven unprecedented growth for a company which from a standing start less than three years ago generated sales of nearly £300m in the year to 30 June 2006. Amazingly it has already surpassed this by turning over £310m in just the first six months of the current year, making it a prime candidate for momentum traders. A major fa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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