British retirement income specialist Just Group reported a 39% fall in its annual underlying operating profit on Friday, hurt by a sharp drop in new business margins and retirement income sales.
The results reflected the impact of an increasingly crowded bulk annuity market, where insurers take on the pension liabilities of corporate schemes, which intensified pricing competition particularly in the second half of the year.
Sign up here.
The… [256 chars]
Source: Reuters | Published: 2026-02-27T07:19:37Z
Credit: Reuters
