PIC posts record year for bulk annuities

James Phillips
clock • 1 min read

Pension Insurance Corporation (PIC) insured £7.2bn of scheme liabilities over the course of 2019, recording more new business than in any year prior.

In unaudited results, the insurer said its 2019 business was £100m up on 2018, the previous record year, with 15 bulk annuity transactions completed with pension schemes, resulting in an average de...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

BDO schemes secure £60m buy-in deal with Just Group

BDO schemes secure £60m buy-in deal with Just Group

Transaction insures the benefits of over 1,000 members across the two schemes

Holly Roach
clock 28 August 2025 • 2 min read
Quest UK Pension Scheme completes £134m buy-in with Aviva

Quest UK Pension Scheme completes £134m buy-in with Aviva

BPA transaction secures the benefits of over 440 scheme members

Holly Roach
clock 27 August 2025 • 2 min read
John Cotton scheme secures £11m full buy-in deal with Just Group

John Cotton scheme secures £11m full buy-in deal with Just Group

Transaction secures the benefits of 48 deferred scheme members and 57 pensioners

Holly Roach
clock 26 August 2025 • 2 min read
Trustpilot