PIC profits up £176m after writing £1.5bn in new business

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Pension Insurance Corporation saw a surge in profits last year after writing £1.5bn in new business.

Pre-tax profits rose from £17m in 2011 to £193m, according to the insurer's unaudited results for the 12 months to 31 December 2012. Assets under management increased from £4.7bn to £6.3bn, whil...

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