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

Industry sustainability groups commit to closer collaboration

Industry sustainability groups commit to closer collaboration

TSWG and ICSWG say co-operation could lead to more ‘practical’ and ‘impactful’ action

Martin Richmond
clock 19 June 2026 • 2 min read
What Andy Burnham as prime minister could mean for pensions

What Andy Burnham as prime minister could mean for pensions

A new Labour leader would result in a cabinet reshuffle and a possible new pensions minister

Holly Roach
clock 19 June 2026 • 2 min read
Sackers launches ESG hub in response to 'complexity' of developments

Sackers launches ESG hub in response to 'complexity' of developments

Covers climate-related disclosures, stewardship, TNFD and ESG regulation

Holly Roach
clock 19 June 2026 • 1 min read
Trustpilot