STRATEGIC REPORT
5
Competitive position: A leader
Developing
…WITH PRODUCTS AND SERVICES
SERVICES
BENEFIT AND COMPETITIVE POSITION
Just’s innovative approach and underwriting expertise in this segment delivers better prices for trustees.
Defined Benefit De-risking Solutions (“DB”) Solutions for pension scheme trustees to reduce the financial risks of operating pension schemes and increase certainty that members’ pensions will be paid in the future.
marketed products 1
By using our unrivalled intellectual property, Just provides an individually tailored solution providing customers typically with double- digit percentage increases in income compared to standard products. Just’s pioneering Secure Lifetime Income product enables customers to select a guaranteed income from within a Self- Invested Personal Pension. This enables a customer to manage and blend their total pension assets tax efficiently within a single technology platform. Just’s Care Plans can be tailored to the individual and offer a tax-efficient solution to making payments to residential care providers.
Guaranteed Income for Life (“GI f L”)
A solution for individuals/couples who want the security of knowing they will receive a guaranteed income for life.
SECURE LIFETIME INCOME (“SLI”) Launched in 2019, SLI is a tax-efficient solution for individuals who want the security of knowing they will receive a guaranteed income for life and the flexibility to make changes in the early years of the plan. Care Plans A solution for people moving to residential care who want the security of knowing a regular payment will be made to the care provider for the rest of their life.
Just provides a range of lifetime mortgages, enabling people to meet a variety of needs in later life.
Lifetime Mortgages (“LTM”) Solutions designed for people who want to release some of the value of their home.
1 Reported in our
Insurance segment.
SERVICES
BENEFIT AND COMPETITIVE POSITION
HUB Financial Solutions offers an innovative approach that provides affordable regulated advice to people with modest pension savings. It also delivers face-to-face nationwide advice at a time and place to suit the client, and enables pension schemes to deliver efficient and robust scheme-led defined benefit transfer programmes. + Provides a range of business services tailored to the needs of the organisation, ranging from consultancy and software development to fully outsourced customer service delivery and marketing services.
HUB Group Our professional services and distribution businesses delivering technology, broking and advice solutions for corporate clients and pension schemes. We also provide regulated financial advice on how people should use pension savings, or release some of the value from their home. + Support for organisations wanting to deliver whole-of-market shopping around services to source retirement income products for their customers, employees or pension scheme members. HUB Financial Solutions is the UK’s largest GIfL broker.
Professional services 2
2 Reported in our Other segment.
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