Just Retirement/Partnership merger creates DB de-risking 'near-monopoly'
The £1.7bn merger of providers Just Retirement and Partnership will result in a "near-monopoly" in the medically underwritten annuity market, a consultant has said.
The annuity providers, which collectively account for 40% of open market annuity business, have confirmed merger plans which will see Just Retirement chief executive Rodney King lead the operation with...
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