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...
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