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...
This week’s top stories include The People’s Pension provider B&CE furloughing 140 staff in response to pressures from the coronavirus, while the UK’s finance regulators called on pension savers to stay calm and avoid making rash decisions regarding savings....
Coronavirus Blog: B&CE furloughs 140 staff and changes charging structure; HMRC pushes back deadline for GMP data cuts
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
The Treasury will aim to plug the growing financial holes caused by Covid-19 by selling off £45bn of bonds during April.
In this week’s Pensions Buzz, we want to know whether you agree with the Financial Conduct Authority’s decision to delay its decision on whether to implement a contingent charging ban.