PIC to raise debt capital to back booming bulk annuity business
Pension Insurance Corporation (PIC) has announced plans to raise further debt capital in order to support business growth in a burgeoning bulk annuity market.
The specialist insurer has mandated JP Morgan Cazenove as sole structuring agent to the issue, and the transaction adviser will work alongside HSBC and NatWest Markets as joint lead managers to arrange...
More on Risk Reduction
Small scheme bulk annuities to surge in 2020, says LCP
Keen insurer pricing and streamlined services will lead to a surge in demand from smaller schemes to undertake bulk annuity transactions, Lane Clark & Peacock (LCP) predicts.
Preparing for de-risking transactions
With bulk annuity markets becoming increasingly busy before Covid-19, James Geer looks at what steps trustees can take to improve their chances of transacting.
Flying felines: The uncertainty of today's markets
Sectoral diversification has shown its worth in this economic crisis, says Robert Scammell, but whether this is a ‘dead cat bounce’ is yet to be determined.
The end of shareholder primacy and its impact on equity valuations
The COVID-19 pandemic is likely to accelerate this shift, requiring investors to understand the value companies have been creating for and extracting from all stakeholders.
Market Movers Blog: Markets fearful of Trump China conference
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....