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

  • 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

FRC updates on UK Stewardship Code signatories

FRC updates on UK Stewardship Code signatories

PPF, LCP, Scottish Widows and eight LGPS funds among those retaining or joining the FRC membership

Jasmine Urquhart
clock 22 February 2024 • 2 min read
Professional Pensions Live 2024: Programme announced

Professional Pensions Live 2024: Programme announced

PP’s flagship event will be held on 22 May at etc venues at 155 Bishopsgate in London

Professional Pensions
clock 22 February 2024 • 1 min read
Industry split on need for long-term savings commission

Industry split on need for long-term savings commission

No clear consensus among Buzz respondents on whether commission should be introduced

Martin Richmond
clock 22 February 2024 • 3 min read
Trustpilot