How strong are Just Retirement's finances?

Just Retirement is wholly owned by a company backed by funds advised by Permira, one of Europe's biggest private equity firms, which manages over €20 billion for investors and is a long-term investor in brands such as New Look, Hugo Boss, the AA, Saga and Birds Eye.

As a result, Just Retirement enjoys secure financial backing. You can read more about us and our financial strength here.

But what would happen if Just Retirement Limited were to go out of business?

You need to know that your home is safe and your lifetime mortgage is not affected should the worse happen to Just Retirement, unlikely as it may be.

Just Retirement is authorised and regulated by the Financial Services Authority (FSA). One of our regulatory requirements is to ensure we keep appropriate amounts of capital aside to ensure we are able to meet our customer commitments.

If the worst were to happen and Just Retirement were to fail, the terms and conditions of your mortgage would remain as currently, though you may not be able to draw any further funds.  Just Retirement are covered by the Financial Services Compensation Scheme (FSCS).  The FSCS is the UK's statutory fund of last resort for customers of financial services firms. You may be entitled to compensation from the scheme if we cannot meet our obligations.This depends on the type of business and the circumstance of the claim. Further information about compensation arrangements is available from the FSCS website – www.fscs.org.uk.

Useful links Financial Services Authority website - the industry regulator
Financial Services Compensation Scheme - a financial compensation scheme