PIC new business premiums hit £6.2bn in three months

Follows record buy-in of RSA schemes which insured the pensions of 40,000 members

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

PIC chief executive Tracy Blackwell

Pension Insurance Corporation (PIC) recorded new business premiums of £6.2bn in the first quarter of 2023, according to its latest trading statement.

This compares to £4.1bn of new business premiums in 2022 and was a result of the record buy-in of two RSA-sponsored pension schemes earlier this year, which insured the pensions of 40,000 scheme me...

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