4th Apr 2016 07:04
LONDON (Alliance News) - The merger between Just Retirement Group PLC and Partnership Assurance Group PLC has now completed, paving the way for the newly combined JRP Group PLC to begin its first day of trading on the London Stock Exchange on Monday.
The combined company, valued at GBP1.4 billion by market capitalisation and with GBP15 billion in assets under management, offers defined benefit pensions de-risking to corporate clients, individually underwritten retirement income products, care plans for people moving into residential care, and lifetime mortgages.
"As we launch, we are optimistic that our new company will use the outstanding intellectual property we have developed, together with our multi-channel distribution assets and market leading service to positively disrupt markets to deliver improved value to our customers," Chief Executive Rodney Cook said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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