JRP Group plc (“JRP”) is a FTSE-listed specialist UK financial services company created by the merger of Just Retirement Group and Partnership Assurance Group and is a leader in the individual retirement income and the defined benefit de-risking market.
As of 30 April 2016, JRP has helped more than 500,000 customers to achieve an improved retirement, has been trusted to manage in excess of £14 billion of customers retirement savings and has helped customers release over £3.8 billion of equity from their properties. JRP provides a wide range of products, advice and professional services to individual customers, financial intermediaries, corporate clients and pension scheme trustees.
Developed through the use of its specialist underwriting systems, PrognoSysTM and CUE, proprietary underwriting manuals and mortality data as well as over 1.8 million person years of experience, JRP boasts unrivalled intellectual property (“IP”) which provides it with competitive advantage in the markets in which it operates. We utilise this IP, alongside a capital efficient business model, to develop products and services to provide customers with better outcomes and to drive profitable growth.
Our scalable and responsive operating systems allow us to provide automated underwriting for the vast majority of cases, giving financial intermediaries confidence that they can rapidly get real-time guaranteed prices for their clients. This commitment to helping customers is reflected in our proud record of awards for innovation and service.
We have a conservative, well-balanced and robust approach to finance and risk management, with reinsurers taking much of the longevity risk for new business generated from our Defined Benefit De-risking products (“DB”) and our individual customer solutions that provide customers with a guaranteed income for life (“GIfL”). Our reserving approach is informed by our specialist underwriting systems and fully developed mortality curves.
We enhance our investment yields by originating lifetime mortgages which provide a strong duration match for our GIfL and DB liabilities. Within the context of our regulatory requirements, we manage the group based on economic capital.
The companies within the JRP Group are authorised and regulated in the United Kingdom by the Financial Conduct Authority and / or the Prudential Regulation Authority.