Just Retirement and Partnership merger on target for April completion

The merger, announced last year following the introduction of pension freedom, was originally set for finalisation in November last year but has taken longer than anticipated. The deal with approved by financial regulators earlier this week. The new outfit will be called JRP Group. Both companies released results this morning. Just Retirement's half year results said operating profit increased by 43% in the second half of last year. Total new business sales were up 50%, driven by a 98% increase in defined benefit (DB) de-risking sales and a 2% increase in guaranteed income for l...