Formed in 2016 by the merger of Just Retirement and Partnership Assurance, Just is a specialist UK financial services group focussing on attractive segments of the UK retirement income market.  The Group is a leading and established provider of retirement income products and services to individuals and corporate clients.

CEO statement

“I am very pleased to report a very strong performance in 2016 that has been achieved while making significant progress in transforming and integrating our businesses and delivering our merger synergies.

The backdrop to these results is the unprecedented upheaval in our markets following the introduction of the Pension Freedoms in 2015, the implementation of Solvency II capital requirement in 2016 and the interest rate volatility both before and after the Brexit Referendum result.

In response to these events we took decisive action to innovate and use our intellectual property to penetrate new markets and grow our existing profits in existing ones.  Our results for 2016 demonstrate that we have successfully done that.”

– Rodney Cook, Just CEO

We positively disrupt markets where we can become a leader, deliver great outcomes for customers and high-quality returns for shareholders.

Pro forma financial and operating highlights

IFRS financial highlights

1 The KPIs are set out on pages 30 and 31 and a reconciliation of pro forma measures to KPIs is on page 29.
2 The Group embedded value is reconciled to IFRS net assets on page 156.

We are a specialist in our chosen markets serving four distinct groups.

Individuals: providing retirement income

People who have built up defined contribution pension savings throughout their career and want a guaranteed income, flexible income or a combination in retirement.

Market value of DC savings: > £1 trillion

Homeowners: accessing property wealth

People aged 60+ who want to access wealth locked up in their property.

Property wealth owned by people aged over 50: £2.3 trillion

Corporate clients: solving problems for companies

We develop scalable retirement-focussed solutions for banks, building societies, life assurance companies, pension scheme trustees, other corporate clients and for their customers, clients and members.

Trustees and scheme sponsors: providing member security and de-risking pension liabilities

Defined Benefit pension schemes de-risking their liabilities by securing member benefits with an insurance contract.

Addressable market: > £600 billion.

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