Brookfield Wealth Solutions (BWS) has reached an agreement to purchase Just Group, a financial services firm in the UK, in a deal valued at £2.4bn ($3.2bn).  

The transaction will be carried out by Bidco, a subsidiary owned entirely by BWS and will include all shares of Just Group that have been issued or are planned to be issued. 

Shareholders of Just Group will receive 220 pence per share in cash. This price is higher by 75% compared with the share price on 30 July 2025, the day before the acquisition announcement. 

Just Group is known for its work in the retirement and pension sector and is listed on the stock market.  

Just Group CEO David Richardson said: “The proposed combination with BWS reflects the strength of the Just platform and the long-term value of the strategy we have delivered.  

“BWS and the wider Brookfield group’s scale, investment expertise and alignment with our purpose will enable Just to broaden its reach and enhance its offering, which will accelerate the fulfilment of our purpose to help more people achieve a better later life.” 

BWS, primarily active in North America, has already started a UK insurance branch, Blumont Annuity Company UK. (Blumont). 

The acquisition is intended to merge Blumont with Just Group to operate in the UK’s annuity and life insurance industry. 

The new group will be managed by the Just Group leadership team, retain the Just brand, and its headquarters will remain in London. 

BWS CEO Sachin Shah stated: “The acquisition of Just will accelerate our growth ambitions for the UK, a core region for us given its status as one of the world’s preeminent pension markets combined with highly attractive investment opportunities.  

“We look forward to supporting Just’s growth in the UK, building on its commitment to providing financial certainty and excellent service to its policyholders.”  

The deal is expected to be finalised in the first half of 2026 (H1 2026), pending regulatory approval from UK financial authorities.