PIC paid £860m in pensions to policyholders in H1

The firm posted strong half-year results and a ‘robust’ balance sheet

Holly Roach
clock • 1 min read
PIC CEO Tracy Blackwell
Image:

PIC CEO Tracy Blackwell

Pension Insurance Corporation (PIC) paid out £860m in pensions to its policyholders in the first half of the year, according to its latest results.

The firm's half-year results - published today (8 September) - revealed it paid out £860m in pensions to its 293,400 policyholders, compared to £786m in the first half of 2021. This takes the to...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry rejects proposal to allow members to borrow from pension funds

Industry rejects proposal to allow members to borrow from pension funds

Majority of Buzz respondents say think tank’s proposals would be disastrous for savers

Martin Richmond
clock 28 February 2024 • 3 min read
PLSA 24: The benefits and challenges of scheme consolidation

PLSA 24: The benefits and challenges of scheme consolidation

Consolidation can drive forward technology but strong employer connection needed

Jasmine Urquhart
clock 28 February 2024 • 2 min read
PLSA 24: IFS warns of retirement renting and low economic growth

PLSA 24: IFS warns of retirement renting and low economic growth

PLSA talk says adequacy, retirement renting and slow economic growth are key issues

Jasmine Urquhart
clock 28 February 2024 • 2 min read
Trustpilot