Brookfield Wealth Solutions Completes Acquisition of Just Group
Brookfield Wealth Solutions (BWS) has completed the acquisition of Just Group Plc (Just) for Β£2.4 billion ($3.2 billion). Just is a UK-based retirement services provider with over 700,000 customers and Β£30 billion in managed pension savings. This acquisition significantly expands BWS's international operations and U.K. presence, increasing its global insurance assets under management to approximately $180 billion. Just is now better positioned to grow in the UK's pension risk transfer market, with BWS providing permanent capital and investment expertise. Sir Nigel Wilson has been appointed as the Independent Chair of Just. The acquisition received approval from the Prudential Regulation Authority and the Financial Conduct Authority. Brookfield is a major investor in the UK, with significant investments in infrastructure and real estate.