Just Retirement and Partnership merger completes

JRP Group began trading on the London Stock Exchange today, and has a market cap of £1.4bn and assets under management of more than £15 billion.

JRP Group will provide products, advice and professional services to individual customers, financial intermediaries, corporate clients and pension scheme trustees.

JRP Group will offer individually underwritten retirement income products delivering a guaranteed income for life and flexible pension plans offering customers the options to blend secured and unsecured income, as well as de-risking solutions for pension scheme trustees.

It also offers lifetime mortgages, protection, and long term care plans.

Rodney Cook, Group Chief Executive, said:

“I am delighted the merger process between Just Retirement and Partnership has been concluded and JRP Group plc is now established. As we launch, we are optimistic that our new company will use the outstanding intellectual property we have developed, together with our multi-channel distribution assets and market leading service to positively disrupt markets to deliver improved value to our customers.”