Merger Q&As
On 4 April 2016, the merger between Just Retirement Group plc and Partnership Assurance plc completed, forming JRP Group plc.
In this video, Rodney Cook (Group Chief Executive) and David Cooper (Group Marketing & Distribution Director) talk about the new Group.
The process for arranging quotes is now as follows:
| Product | Provided by | To arrange a quote |
| Guaranteed Income for Life | Just Retirement Limited |
|
| Lifetime Mortgages | Just Retirement Money Limited |
|
| Care Plans | Partnership Life Assurance Company Limited |
|
| Life Assurance | Partnership Life Assurance Company Limited |
|
Our merger allows us to combine the pricing experience that we both have in our respective markets. This will allow us to refine the rates we offer in our chosen markets. In addition, the vast majority of our collective business is conducted on the open market so we need to remain competitive in order to write business. Indeed, Just Retirement and Partnership, while leading providers, are not the only providers in any of the markets that they operate in so we expect to see competitive pressure on rates maintained. We are committed to providing competitively priced, bespoke rates for our customers based on underwriting health and lifestyle conditions, we will continue with this philosophy to deliver positive customer outcomes.
Initially the Just Retirement and Partnership brands will continue to be used in the market. Moving forward, as part of our integration work to bring the two companies together we will undertake a review of our branding strategy.
Not at all. One of the major integration initiatives is to merge the IP of the two organisations and work has already commenced to combine Just Retirement and Partnership's IP and begin using this within the propositions offered by the merged Group as soon as possible.