PIC posts H1 results showing £3bn of new business and pipeline of £45bn

Insurer says it now has a new business pipeline of up to £45bn

Jonathan Stapleton
clock • 2 min read
PIC chief executive Tracy Blackwell: PIC had a strong first half
Image:

PIC chief executive Tracy Blackwell: PIC had a strong first half

Pension Insurance Corporation (PIC) Group has posted its results for the six months to 30 June 2024.

The specialist defined benefit insurer reported it had completed £3bn of new business nine schemes during the half year, down from £6.5bn in the same period in 2023, with clients including Next, De...

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 Risk Reduction

Two pension schemes secure buy-in deals worth £130m with Aviva

Two pension schemes secure buy-in deals worth £130m with Aviva

Transactions secure the benefits of 600 deferred members as well as 1,200 pensioners and dependants across the two schemes

Holly Roach
clock 22 October 2025 • 2 min read
Member experience should be prioritised in buy-ins and buyouts

Member experience should be prioritised in buy-ins and buyouts

Hymans Robertson says ‘smoother transition’ will be enabled by good member experience

Jasmine Urquhart
clock 21 October 2025 • 1 min read
LGPS surplus grows to £147bn on low-risk basis

LGPS surplus grows to £147bn on low-risk basis

Isio’s Low-Risk Funding Index finds funding level increased to 147%

Jasmine Urquhart
clock 17 October 2025 • 1 min read
Trustpilot