PIC raises £750m to fund pipeline of risk transfer deals

Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.
Luxembourg-based investment fund Reinet led the capital raising, buying a £437.8m stake. It now holds 46.4% of shares in PIC Group, having first invested in 2012. The Abu Dhabi Investment Authority...
More on Industry
Talk of a dashboard delay is 'just plain wrong'
Kim Gubler says the project to deliver the pensions dashboard is on track and that talk of a delay is incorrect.
Eight schemes write to Number 10 to urge more action on climate change
Eight major pension fund executives have called on prime minister Boris Johnson and the government to allow the financial sector to contribute to the UK’s decarbonisation efforts ahead of the COP26 summit in Glasgow.
Think tank floats Aviva-backed lower income-focused retirement target framework
A pension benchmark for future living standards is necessary and feasible if enough attention is given to formulating an accreditation that will work for both employers and employees, the Resolution Foundation says.
UK Pensions Awards 2021: Open for entries
The UK Pensions Awards 2021 – which celebrate excellence within the pensions industry – are now open for entries.
Mark Stocker dies following cancer battle
The founder of Pensions Actuary Services and former Buck chief actuary Mark Stocker has died.