Welcome to this months edition of Just in Touch and thank you to the many advisers that rated us ‘Five Stars’ in the Financial Adviser Service Awards 2011, where we also received the accolade of ‘Company of the Year’.
In this issue, we’ll be taking a retrospective view of our November seminars for those of you who were not able to join us and also invite you to watch our latest webinar, outlining our innovative Fixed Term Annuity with its ‘game changing’ conversion feature that could make a world of difference for your clients. There is also news on important changes to our Roll Up Lifetime Mortgage and some upcoming events to put in your diaries.
We’ll be giving you an overview of the latest edition of Just Intelligence magazine where we’ll be looking at new developments here at Just Retirement as well as providing in-depth perspectives on key issues in the retirement market.
We hope you enjoy this edition of just in touch and welcome your feedback so please get in touch.
First for Service – Working with the intermediaries’ preferred provider
Here at Just Retirement, we pride ourselves on our dedication to meeting the needs of advisers and their customers with first class service.
As a result, we are delighted to have received recognition once again in this year’s Financial Adviser Awards from the people whose opinion matters most:
- Voted Company of the Year for the second time in 3 years
- Achieved seventh consecutive ‘5 Star’ accolade in the Life and Pensions category
- Awarded fourth consecutive ‘5 Star’ accolade in the Mortgage Lender and Packagers category
As the number one enhanced annuity provider and the second largest equity release provider by market share*, resting on our laurels is never an option. That’s why we are continuing to work hard to help you help your clients as we approach 2012.
Thank you for pledging to vote for us - visit www.justadviser.com/FASA/ to find out more about our winning products and services.
* Market share, quarter ending 30 June 2011
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Important changes to the Just Retirement Roll Up Lifetime Mortgage
With effect from 14th November, Just Retirement has made the following changes to the Roll Up Lifetime Mortgage:
- The cash facility multiplier has increased from 2x the initial cash advance to 3x the initial cash advance (in England, Wales, Scotland and Northern Ireland)
- The maximum cash facility in England only will increase to £600,000 (Scotland, Wales and Northern Ireland will remain at £250,000)
- An unused cash facility no greater than £200,000
Therefore a customer’s maximum cash facility (in England only) will be the lower of:
- £600,000
- LTV x Property Value
- 3x the initial cash advance
- Initial advance + an unused facility of £200,000
For Scotland, Wales and Northern Ireland a customer’s maximum cash facility will be the lower of:
- £250,000
- LTV x Property Value
- 3x initial advance
The above changes are available for new customer KFIs with effect from Monday 14th November. All applications received will be processed on the terms on which the customer applied.
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Stranded on Standard – Webinar
Our online webinars are designed to give you a greater insight to the at-retirement market and how our products can help you make the most of this multi-billion pound opportunity.
Stranded on Standard -
Could the non-enhanced lifetime annuity become a thing of the past?
This time, our webinar focussed on helping you help your clients avoid becoming stranded on standard, non-enhanced lifetime annuities. To find out more about our new product, the Just Retirement Fixed Term Annuity, and how our innovative Conversion Feature can give additional flexibility to your clients’ retirement planning, please follow this link to the Just adviser website.
Alternatively, please click here to view a copy of the presentation pdf in your browser.
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November regional events
Our November regional events were a big success, seeing us meet hundreds of advisers around the country in 12 locations. We would like to thank everyone who took the time to attend one of our seminars. For those that couldn’t make it, keep your eyes open for a chance to attend future seminars by visiting our Events page for more information on these events including dates, locations and how to register.
Those who attended took part in a half day seminar, followed by a gap fill session (earning valuable CPD) and saw a great chance for some networking with other local advisers and staff from Just Retirement. We discussed the need for a robust ‘discovery’ process for retirees to consider where annuities could fit into the advice process, including an overview of our recently launched Fixed Term Annuity.
In these turbulent economic times it is important to ensure you don’t leave your clients stranded on a lower, standard retirement income. We estimate up to 60% of retirees could qualify for an enhanced annuity, but what about the rest? Our presentation highlighted that there are options for those clients who don’t yet qualify for an enhanced annuity and that they don’t have to be locked in to a lower retirement income for life.
Would you like to view the presentation again?
Keep an eye on our Presentations page to view the slides from our presentation again.
Please do not hesitate to contact us if you would like to discuss any queries or to request a quote. If you would like to get in contact, please call our IFA Support team on 0845 302 2287 (lines are open 8:30am-5:30pm Monday to Friday), fax us on 0845 301 2287, email ifasupport@justretirement.com or visit justadviser.com.
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Coming Soon! Just Intelligence magazine
What’s in this edition?
In this edition of Just Intelligence, we introduce our new product, the UK’s first convertible Fixed Term Annuity, quoted as a ‘game changer’ in the trade press. You will also find a number of features taking a look at funding issues surrounding longevity and falling pension provisions in the UK retirement market; the impacts of RDR on your advice process; the Dilnot report on long-term care as well as how technology is revolutionising medical underwriting and how we believe this could impact advisers and their clients.
We’d love to hear your thoughts on how you think the magazine compares to others in the industry and to see what else you would like to see in our next edition. Watch this space at www.justadviser.com/magazine for our online questionnaire where you can have your say.
Contact our dedicated IFA support team
For more information or to talk through the opportunities in this growing market, call our dedicated team on 0845 302 2287*, fax us on 0845 301 2287 or visit www.justadviser.com/magazine
*lines are open Monday to Friday, 9:00am to 5:00pm
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Your clients don’t have to be Stranded on Standard
No-one knows when the current storm of financial uncertainty will end. So, if you have clients who are considering purchasing an annuity, it’s vital that you consider their health to see if they qualify for an enhanced annuity.
Support, materials, guides and more
You can find out more about Just Retirement and access a range of useful guides, templates, case studies and calculators on justadviser.com.
By following the links you can also find out more about:
- Underwriting, and the 1500+ conditions we’ve underwritten on to date
- Enhanced annuities, and the difference this could make to the 60% of clients we estimate could qualify
- Fixed term annuities, and our innovative conversion feature – for 40% who do not yet qualify for an enhance annuity, and
- Equity release, to help clients make the most of what could be one of their largest assets.
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Flexible equity release from the retirement experts
As the second largest equity release provider in the UK, we have advanced over £900m to thousands of customers, helping to provide a more comfortable standard of living.
Five reasons to choose Just Retirement for equity release
i) Flexible drawdown – Allowing clients to drawdown at any time with no administration fees.
ii) Low minimum drawdown amount and commission paid on drawdown.
iii) Competitive interest rate.
iv) Competitive loan to value factors from 20% - 45% dependant on age and circumstances.
v) Award winning service – for the last four consecutive years we have won 5 stars in the Financial Advisor Service Awards, Mortgage Lender and Packages Category.
Is now a good time to go back to all those clientele who retired a few years ago and who may be looking for additional sources of capital or income?
If you would like to discuss a quote with us, please call our IFA Support team on 0845 302 2287.
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