Truell: Capital raising will provide 'firepower' to take on larger schemes

Jonathan Stapleton

Pension Insurance Corporation is hoping to raise around £500m in new capital to allow it to complete £5bn of risk reduction deals with schemes.

Pension Corporation - the parent of PIC - is currently in exclusive talks with Luxembourg-based investment fund Reinet about a deal which could see it take a 30% to 40% stake in PIC in return for £...

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