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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Hymans Robertson finds 'stark evidence' of growing pensions inadequacy

Hymans Robertson finds 'stark evidence' of growing pensions inadequacy

DC members risk more from unpredictable longevity and volatility

Jasmine Urquhart
clock 10 September 2025 • 1 min read
News Digest: Leading pension experts consider cashing in tax-free lump sums before Budget

News Digest: Leading pension experts consider cashing in tax-free lump sums before Budget

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 September 2025 • 1 min read
SPP publishes paper promoting social mobility in pensions

SPP publishes paper promoting social mobility in pensions

DEI paper promotes social mobility in pensions as part of ‘Inclusive Futures’ series

Jasmine Urquhart
clock 09 September 2025 • 2 min read
Trustpilot