PIC completes £1.5bn of new business transactions in Q1

Specialist DB insurer reports ‘strong’ start to the year with launch of new buyout service

Martin Richmond
clock • 1 min read
PIC chief executive Tracy Blackwell
Image:

PIC chief executive Tracy Blackwell

Pension Insurance Corporation (PIC) completed transactions with total premiums of £1.5bn to mark a “strong” start to the year, a Q1 2024 update shows.

The insurer's trading update, published today (3 May) on the London Stock Exchange, revealed it had completed five new business transactions during the first three months of 2024, including the £87...

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 Defined Benefit

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Firm to provide admin for 442 members of filtration manufacturer’s pension plan

Professional Pensions
clock 18 June 2025 • 1 min read
Pension Schemes Bill to unlock potential £600bn superfund market

Pension Schemes Bill to unlock potential £600bn superfund market

LCP says simplified gateway tests open up superfund opportunity to half of schemes

Jasmine Urquhart
clock 16 June 2025 • 1 min read
FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Trustpilot