Norton Rose Fulbright advises on c.£2.4 billion recommended offer for Just Group

Global law firm Norton Rose Fulbright is advising RBC Capital Markets Limited (RBC) as financial adviser to Brookfield Wealth Solutions Ltd. (BWS) on its c.£2.4 billion recommended cash offer for Just Group plc (Just).

BWS was spun off from Brookfield Corporation in 2021 and today owns and operates a leading wealth solutions business focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. As at 30 June 2025, BWS has invested over US$12 billion of balance sheet capital into its insurance business and has over US$140 billion of total assets.

Just is a UK-based retirement specialist financial services company with leading capabilities in the defined benefit de-risking, individual retirement income, and care sectors. Just is a growth orientated company with over 1,450 employees and more than 700,000 customers and which manages over £27 billion of customer pension savings. A core area of focus for Just since 2012 has been defined benefit de-risking transactions having completed more than 500 transactions, receiving premiums in excess of £17 billion.

The London-based Norton Rose Fulbright team is being led by corporate partner Paul Whitelock alongside banking partner, James Collis, supported by corporate associate Adam Worth and banking associate Alex Smith.