Just completes £1.5bn of bulk annuities and sets sights on bigger deals

Increasing its total figure by 22% on the £1.2bn volumes recorded in 2019, the insurer said transactions had been "lumpy in nature and subject to timing differences" with some being delayed due to Covid-19. Nevertheless, around two-thirds of the insurer's transactions were completed in the second half of the year, and Just said that the market "continues to be buoyant". With an average deal size last year of just £66m, the company is well-established as a solutions provider for smaller schemes but in its results today it said it now expects to "participate more fully in the deferred l...