View more on these topics

Regulators rubber-stamp Just Retirement/Partnership merger


The merger of annuity providers Just Retirement and Partnership has been approved by the FCA and the PRA.

The two firms, which were both hammered by Chancellor George Osborne’s pension freedoms reforms, announced plans to merge in August last year, with the Competition and Markets Authority backing the deal in October.

And in a stock exchange announcement this morning, the pair confirmed that both the PRA and FCA had also approved the deal, which was originally expected to complete by the end of 2015.

The firms say further details will be provided following the announcement of full year results on 11 March.

As part of the deal, Partnership chief executive Steve Groves will step down, with the new business led by Just Retirement chief executive Rodney Cook.



Partnership plans US long-term care annuity launch

Partnership plans to expand into the US insurance market with the launch of a medically underwritten immediate needs annuity. The product, which will be distributed by American firm Genworth, is similar to the firm’s UK Care Annuity. The policies are sold to people at the point at which they enter long-term care and provide a […]


Partnership and Just Retirement merger gathers pace

Partnership has announced that its merger with Just Retirement is due to complete in late December. Partnership chief executive Steve Groves will step down the day after the merger takes effect. The merger was announced in August and received approval from the competition watchdog in October despite concerns the deal would harm annuity competition. Both […]


Competition watchdog approves Just Retirement/Partnership merger

Just Retirement and Partnership’s proposed merger has moved a step closer after the UK Competition and Markets Authority cleared the deal. The providers, both of whom saw their share price hammered in the wake of Chancellor George Osborne’s Budget bombshell in April 2014, announced the merger in August. However, advisers raised concerns the deal could […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm