Just Group has developed a structured pension investment delivering guaranteed income and/or growth for a selected term within a client’s platform-based personal pension portfolio.

Retirement product and annuity provider Just is to add its new Fixed Term Investment to adviser platform Fundment.

It claims the product can help reduce the financial and emotional impact of market volatility on a portfolio while delivering more flexibility.

It integrates with other personal pension assets on the Fundment platform to optimise risk and return across the overall strategy.

It guarantees income of growth for the selected term of between three and thirty years, with the option of a pre-defined capital return at maturity.

The FTI is purchased on-platform with crystalised or uncrystallised funds to streamline and simplify administration, avoiding pension transfer delays and reducing out-of-market risk.

Benefits are paid gross into the personal pension cash account.

Clients can access FTI between the ages of 40 and 90.

It includes death-benefit and early surrender options, as well as being 100% protected by the Financial Services Compensation Scheme.

Sean Osborne, director of retail distribution at Just Group, said: “Advisers are increasingly moving away from single-strategy approaches to retirement and towards hybrid solutions offering a mix of certainty and flexibility. But those solutions also need to be administered and meet the regulator’s requirements to integrate into wider portfolio planning.”

He expects the new product to be particularly useful for advised clients who are conservative or risk-averse, as well as for balancing secure income with flexible capital management for sustainable drawdown strategies.

He added that benefits to advisers also include easing the compliance burden around income projections and suitability reporting.

Just Group is a UK retirement product and annuity provider.

Bermuda-based insurance company Brookfield Wealth Solutions recently agreed to require the firm in a £2.4bn deal.

The boards of the two companies have agreed the deal which will see Just merge with Blumont Annuity Company, a subsidiary of BWS, which recently received FCA approval to launch a new insurance company in the UK.

Just’s management team is expected to lead the combined group.

As at 30 June 2025, BWS has invested £9 billion into its insurance business and has over £105 billion of total assets.

BWS mainly operates in North America, particularly the US and Canada, as well as other jurisdictions but has been “strategically focused” on the UK market, it says, and recently announced the launch of its UK insurance operations through its wholly owned subsidiary, Blumont Annuity Company UK Ltd. This followed approval from the PRA and FCA.