Just Retirement acquires TOMAS

Sarah Davidson

October 5, 2010

TOMAS is a provider of systems and services assisting providers, advisers, trustees and employee benefit consultancies to streamline the end-to-end annuity advice process.

Under the direction of Michael Slevin, managing director, TOMAS has grown its customer base by offering an independent service. However, to accelerate its ambitions it had identified that further investment was needed for the business to continue to expand.

Michael Kerr, MD of Kerr Henderson, said: “Kerr Henderson is very proud of what TOMAS has achieved in the past few years and I’m sure that with Just Retirement’s support the business will continue to flourish.”

Michael Slevin added: “Just Retirement provides the ideal partner to support the business whilst maintaining the independence of the annuity platform. We are delighted to have its backing as development of OMO is central to both businesses’ philosophies. We believe that this investment will enable us to significantly increase the number of people exercising their right to shop around for a better annuity.”

And Rodney Cook, CEO of Just Retirement, said: “This is an important strategic initiative for Just Retirement. TOMAS’ work is critical to the continued growth in the use of the Open Market Option for retirees in the UK, for which Just Retirement has campaigned since its formation. I am pleased that we have been able to become involved in TOMAS at such an exciting point in its development.”

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