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Just Retirement gets PRA approval

07 December 2015 08:02

The Prudential Regulation Authority has approved Just Retirement's application to use its full internal model under Solvency II.

Just Retirement will seek to finalise and post its shareholder circular in relation to the recommended all-share merger of Just Retirement and Partnership Assurance Group plc to create JRP Group plc as soon as practicable.

As previously announced, it is expected that the merger will close during January, subject to the satisfaction of the other conditions to the merger (including approval by the PRA and the Financial Conduct Authority).

At 8:02am: (LON:JRG) Just Retirement Group PLC share price was +3.45p at 165.25p

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