Utmost Group in December 2025 announced it had agreed to sell its bulk purchase annuity (BPA) business, Utmost Life and Pensions (ULP), to JAB Insurance for an undisclosed sum, subject to regulatory approval. Completion is expected by mid-2026. JAB will acquire the entire business, which holds more than £5bn in assets and employs around 175 people. ULP entered the BPA market in late 2024 and has completed 11 buy-in