Just Group plc
| File:Just Retirement logo.png | |
| Company type | Public limited company |
|---|---|
| LSE: JRP | |
| Industry | Financial services |
| Founded | 2004 |
| Headquarters | Reigate, Surrey |
Key people | Tom Cross Brown (Chairman) Rodney Cook (CEO) |
| Revenue | £2,567.3 million (2015)[1] |
| £(29.6) million (2015)[1] | |
| £(24.8) million (2015)[1] | |
| Website | www.justretirement.com/ |
JRP Group plc, formerly Just Retirement Group plc, is a British company specialising in retirement products and services headquartered in Reigate, Surrey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company, which was established as Just Retirement in 2004, had been listed on the Alternative Investment Market until it was bought out by Permira in 2009.[2]
It launched a fixed-term product that links with enhanced annuity rates in 2011[3] and then set up a pensions de-risking arm in 2012.[4] It went on to join the long term care market and to offer individually underwritten annuities in 2013.[5]
The company was the subject of an initial public offering in November 2013.[2]
In April 2016 the company merged with Partnership Assurance and was renamed JRP Group.[6]
Operations
The company provides annuities to retirees with serious health conditions such as heart disease and to heavy smokers. The products pay out a higher income than the usual products.[7]
Sponsorship
The company has been the sponsor For the World Bowls Events for 2014, 2015[8] and 2016.[9]
References
- ^ a b c "Annual Report 2015" (PDF). Just Retirement. Retrieved 9 April 2016.
- ^ a b "IPO values Just Retirement at £1.1bn". FT.com. 12 November 2013. Retrieved 8 March 2014.
- ^ "Are consumers getting a raw deal from fixed term annuities?". City Wire. 3 August 2011. Retrieved 28 October 2015.
- ^ "Just Retirement launches pensions de-risking business". Health Insurance Daily. 29 November 2012. Retrieved 28 October 2015.
- ^ "Just Retirement to enter long term care market". Mortgage Introducer. 21 May 2013. Retrieved 8 March 2014.
- ^ "Just Retirement/Partnership merger complete; JRP Group formed". 4 April 2016. Retrieved 16 April 2016.
- ^ "Just Retirement valued at $1.8 bln in London share listing". Reuters. 12 November 2013. Retrieved 8 March 2014.
- ^ "Just Retirement Signs As New Title Sponsor For World Bowls Event". sponsorship-awards.co.uk. Retrieved 3 November 2015.
- ^ "Bowls International Just Retirement agree three year sponsorship deal for the World Indoor Bowls Championship". bowlsinternational.com. Retrieved 3 November 2015.