Type Financial Services Website www.partnership.co.uk Revenue 452.6 million GBP (2014) Net income 18.8 million GBP (2014) | Industry Financial Services Headquarters United Kingdom Founded 1995 | |
Key people Chris Gibson-Smith (Chairman)Steve Groves (CEO) Parent organizations JRP Group, Partnership Group Holdings Limited Subsidiaries PAG Holdings Limited | ||
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.
Contents
History
The company was established as a management buyout of the Pension Annuity Friendly Society with funding from Phoenix Equity Partners in September 2005. Cinven acquired the company in August 2008 and it was the subject of an initial public offering in June 2013. In December 2014, Partnership completed the UK's largest medically underwritten bulk annuity transaction – a £206 million ‘top-slicing’ deal with Taylor Wimpey.
In April 2016 the company merged with Just Retirement to form JRP Group.
Operations
The company is a provider of annuities for people with medical conditions.
References
Partnership Assurance Wikipedia(Text) CC BY-SA