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PIC chief executive Tracy Blackwell
Pension Insurance Corporation (PIC) reported a 90% drop in new business premiums in the first half of the first year after a slow start for the bulk annuity market.
The insurer said it had completed £385m of buy-ins and buyouts in H1, compared to £3.5bn in the same period last year. The figure includes a buy-in with British American Tobacco earlier this year. ...
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