Just Group records 36% increase in retirement income sales in 2024

Insurer says it completed a record 129 de-risking transactions throughout the year

Martin Richmond
clock • 2 min read
Richardson: Our performance in 2024 once again proves the strength of our business model
Image:

Richardson: Our performance in 2024 once again proves the strength of our business model

Just Group recorded a 36% increase in its retirement income sales over the course of last year, according to its latest results.

The insurer's business update for the year ended 31 December 2024 showed its shareholder funded retirement income sales rose to £5.3bn, driven by both defined benefit (DB) de-risking and guaranteed...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Hymans research finds DB funding level of many schemes has surpassed 100%

Holly Roach
clock 17 September 2025 • 2 min read
PPF sees DB aggregate surpluses fall by £2.2bn in August

PPF sees DB aggregate surpluses fall by £2.2bn in August

Lifeboat fund’s data shows total scheme assets fell by 1.9% while scheme liabilities fell by 2.2%

Martin Richmond
clock 09 September 2025 • 4 min read
UCU joins teacher unions calling for review of TPS pension age

UCU joins teacher unions calling for review of TPS pension age

Government urged to implement recommendation set out in 2011 Hutton Report

Martin Richmond
clock 08 September 2025 • 2 min read
Trustpilot