Just

Just is a specialist UK financial services business that provides financial solutions to people either in or approaching retirement. See how it’s grown so far and the strategy behind it…

The investment strategy

  • To grow organically by benefiting from the underlying growth in the retirement income market
  • To invest in broadening the product range and adding new distribution channels such as partnerships with other life insurers and affinity groups
  • To invest in its financial and risk management systems, and its investment management approach, to ensure that these support the business’s development
  • To continue to sustain its market-leading service standards

Milestones to date

  • Strengthened organic growth since 2009, with sales more than doubling
  • Expanded product range, including Income Drawdown, Retirement Account, Fixed Term Annuities, small scheme Defined Benefit de-risking solutions and Care Annuities
  • Opened new distribution channels: online via price comparison websites, employee benefit consultants via TOMAS, and through expanded partnerships, such as Saga
  • Listed on the LSE in November 2013, with the Permira funds successfully executing a share placement of 10% of their holding in March 2015; the current holding is approximately 22%

www.wearejust.co.uk

Sales are defined as total new business sales. Entry financials are shown for Just Retirement only. Current financials shown are pro forma for the merger with Partnership

The metrics

2009

Acquisition year

€298m

Transaction value

305

Employees 2009

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1,108

Employees 2016

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Sales1

Sales at Entry - £754m
Sales at June 2017 - £2,435m