Company type | Financial services |
---|---|
Industry | Financial services |
Founded | 1995 |
Headquarters | London, United Kingdom |
Key people | Chris Gibson-Smith (
Chairman) Steve Groves ( CEO) |
Revenue | £452.6 million (2014) [1] |
£24.1 million (2014) [1] | |
£18.8 million (2014) [1] | |
Website | www.partnership.co.uk |
Partnership Assurance Group plc is a provider of non-standard annuities for individuals with medical or lifestyle conditions. In April 2016 it became part of the JRP Group.
The company was established as a management buyout of the Pension Annuity Friendly Society with funding from Phoenix Equity Partners in September 2005. [2] Cinven acquired the company in August 2008 and it was the subject of an initial public offering in June 2013. [3] In December 2014, Partnership completed the UK's largest medically underwritten bulk annuity transaction – a £206 million ‘top-slicing’ deal with Taylor Wimpey. [4]
In April 2016 the company merged with Just Retirement to form JRP Group. [5]
The company is a provider of annuities for people with medical conditions. [3]