Pension Insurance Corporation (PIC) saw its pre-tax profits fall more than 40% in 2013, despite securing new insurance business worth £3.7bn.
The firm saw pre-tax IFRS profits of £115m in 2013, down from £196m in the previous 12 months. PIC revealed a total of 35 transactions from clients including Citigroup/EMI Pension Fund, Vesuvius...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
