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.

Reasons for the merger

JRP intends to use its outstanding combined intellectual property and greater scale to accelerate the existing strategies of Just Retirement and Partnership Assurance, allowing the business to sustain its position in the rapidly developing retirement income market, generating improved outcomes for customers and strong returns for investors.

Strategic benefits

  • Scale to grow in attractive segments
  • Consumer champion
  • Accelerate new product launches
  • Outstanding intellectual property
  • More efficient distribution

Financial benefits

  • Synergy potential
  • High quality cash generation
  • Enhanced capital position through a £150m equity capital raise (completed October 2015)

CEO statement

“We enter the merger with Partnership Assurance Group with momentum, and I very much look forward to what we can achieve over the remainder of 2016 and beyond. I am more convinced than ever that we will be stronger together with Partnership, and that the best is yet to come.”
– Rodney Cook, JRP Group CEO


For access to the merger documents, historic results and presentations, other documents and general investor information pre-merger, please click here.

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