PIC to raise debt capital to back booming bulk annuity business

Pension Insurance Corporation (PIC) has announced plans to raise further debt capital in order to support business growth in a burgeoning bulk annuity market.
The specialist insurer has mandated JP Morgan Cazenove as sole structuring agent to the issue, and the transaction adviser will work alongside HSBC and NatWest Markets as joint lead managers to arrange...
More on Risk Reduction
Aberdeen transport fund completes £230m LGPS buy-in with Rothesay
The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.
Industry Voice: What is a theme?
We may have all heard of thematic investing, but what does a theme actually represent in an investment context?
L&G agrees £400m deal with own scheme
The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.
Market Movers Blog: Global bond and equity fundraising reaches 20-year high - reports
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
LGIM Real Assets commits to deliver net-zero across its real estate portfolio by 2050
LGIM Real Assets has committed to deliver net-zero carbon across its 76 million sq. ft. UK real estate portfolio by 2050.