Abu Dhabi's sovereign wealth fund buys stake in PIC

Victoria Tichá
clock • 1 min read

The Abu Dhabi Investment Authority (ADIA) has agreed to acquire up to 21.4% of shares in the Pension Insurance Corporation (PIC) Group from its founding investor J.C. Flowers & Co.

The agreement, subject to regulatory approval, seeks to meet the increasing demand from pension scheme trustees. PIC Group is the parent company of specialist insurer and bulk annuity provider P...

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 Defined Benefit

Pensions UK calls for PPF administration levy reform

Pensions UK calls for PPF administration levy reform

Trade body said DWP move to charge DB schemes in form of levy without prior warning ‘raises concerns’

Holly Roach
clock 03 July 2025 • 1 min read
DB transfer advice redress payments remain stable

DB transfer advice redress payments remain stable

First Actuarial says Q2 2025 redress remained at 5% of transfer value despite volatility

Jasmine Urquhart
clock 02 July 2025 • 1 min read
Tender Watch: Royal London appoints Procentia

Tender Watch: Royal London appoints Procentia

Firm partners with admin company to support BPA solution

Professional Pensions
clock 30 June 2025 • 1 min read
Trustpilot