PIC writes £900m of bulk annuity deals in Q1

Kristian Brunt-Seymour
clock • 1 min read

Pension Insurance Corporation (PIC) has written £900m of bulk annuity premiums in the first quarter of 2016 according to its end of year results.

This was a dramatic increase from the £40m of annuities written during the same quarter in 2015. It comes as recent buy-in and buyout data from LCP revealed the insurer had the largest market sh...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Kristian Brunt-Seymour
Author spotlight

Kristian Brunt-Seymour

View profile
More from Kristian Brunt-Seymour

Will future demand for bulk annuities squeeze supply?

PPF hires head of investment strategy

More on Defined Benefit

DWP responds to WPC report on DB pensions market
Defined Benefit

DWP responds to WPC report on DB pensions market

Government confirms it will consider PPF compensation changes and consult on trusteeship, accreditation and governance

Holly Roach
Holly Roach
clock 01 May 2025 • 4 min read
Industry supports DB surplus release so long as clear parameters set, Aon finds
Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements
Defined Benefit

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
Holly Roach
clock 22 April 2025 • 1 min read
Trustpilot