Just Group has reported a fall in retirement income sales ahead of its takeover by Brookfield Wealth Solutions (BWS), which is expected to complete during the first half of the year.
The firm's business update for the year ended 31 December 2025 showed retirement income sales were down 18% to £4.3bn. However, its guaranteed income for life (GIfL) sales were up 23% to £1.3bn. Its new business margins for the 2025 financial year are expected to be 6%, down from 8.7% in 2024. Just attributed this fall to a combination of tighter spreads, lower volumes, business mix and an increased level of competition, during H2 25. There was "strong growth" in Just's GIfL offering, which it said partially offset a fall in defined benefit de-risking (DB) sales. It completed a ...
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