PIC operating profits hold up despite drop in business

clock

Operating profits at Pension Insurance Company rose in the first six months of the year, despite a 62% drop in new business for the bulk annuity provider.

The insurer's half-year results, published yesterday, show it clinched £702m worth of deals in the first half of 2015, after securing £1.9bn of new business in the equivalent period last year. W...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

LCP says long-term run on could be valuable

LCP says long-term run on could be valuable

Analysis finds run-on could benefit schemes sponsors and members if risk managed well

Jasmine Urquhart
clock 15 October 2025 • 1 min read
Unnamed scheme secures £96m buy-in with M&G

Unnamed scheme secures £96m buy-in with M&G

Transaction secures the benefits of over 1,000 scheme members

Holly Roach
clock 15 October 2025 • 1 min read
Ferno UK pension scheme  secures £4m buy-in with L&G

Ferno UK pension scheme secures £4m buy-in with L&G

Deal secures benefits of around 100 members and means all members are insured

Jasmine Urquhart
clock 09 October 2025 • 2 min read
Trustpilot