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

A well-funded scheme is not necessarily a simple one, say DB leaders

A well-funded scheme is not necessarily a simple one, say DB leaders

Brightwell, USS and LGPS executives say robust governance is vital in current landscape

Alex Levy
clock 19 October 2026 • 2 min read
Third-party cyber risk key concern for DB trustees

Third-party cyber risk key concern for DB trustees

Less than half of schemes regularly use simulations to test incident response plans

Alex Levy
clock 08 October 2026 • 1 min read
Age threshold risks more costly and complex surplus payments, say lawyers

Age threshold risks more costly and complex surplus payments, say lawyers

Draft rules pose practical challenges for sharing DB surplus with members

Alex Levy
clock 07 October 2026 • 7 min read
Trustpilot