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    • Upcoming events
      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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Professional Pensions
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    You are currently accessing ProfessionalPensions via your Enterprise account.

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Pension Insurance Corporation

PIC's Tracy Blackwell: Helping make a difference to society
PIC's Tracy Blackwell: Helping make a difference to society

Pension Insurance Corporation (PIC) chief executive Tracy Blackwell was named pensions woman of the year at the third annual Women in Pensions Awards. She speaks to Professional Pensions about winning the accolade.

  • Industry
  • 07 January 2021
Brunel invests £840m in in clean infrastructure; PIC appoints municipal bond manager
Brunel invests £840m in in clean infrastructure; PIC appoints municipal bond manager

Brunel Pension Partnership has launched two investment vehicles to target infrastructure assets that meet Paris Agreement objectives for its partner funds.

  • Investment
  • 18 November 2020
PIC invests £40m in London property development
PIC invests £40m in London property development

Pension Insurance Corporation (PIC) has invested £40m in debt issued by the Royal College of Surgeons in England to finance the redevelopment of its London headquarters.

  • Defined Benefit
  • 04 November 2020
BHS Senior Management Scheme completes PPF+ buy-in with L&G
BHS Senior Management Scheme completes PPF+ buy-in with L&G

The BHS Senior Management Scheme has agreed a £2.5m buy-in with Legal & General (L&G) Assurance Society, securing benefits outside of the Pension Protection Fund (PPF).

  • Risk Reduction
  • 04 November 2020
Old British Steel scheme completes £2bn buy-in with PIC
Old British Steel scheme completes £2bn buy-in with PIC

The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.

  • Risk Reduction
  • 22 October 2020
UK Pensions Awards 2020 - The Winners
UK Pensions Awards 2020 - The Winners

Here they are - the winners of the UK Pensions Awards 2020...

  • Industry
  • 07 October 2020
PIC reports £3.5bn of bulk annuities as adjusted profit plummets by 70%
PIC reports £3.5bn of bulk annuities as adjusted profit plummets by 70%

Pension Insurance Corporation (PIC) Group secured £3.5bn of defined benefit (DB) scheme liabilities throughout the first half of the year, although adjusted profits fell by nearly three-quarters.

  • Risk Reduction
  • 10 September 2020
PIC invests £130m in central Manchester build to rent housing regeneration project
PIC invests £130m in central Manchester build to rent housing regeneration project

Pension Insurance Corporation (PIC) has acquired a prime city-centre site in Manchester as the location for its first build to rent (BTR) project, investing £130m to fund the construction of 520 residential apartments, over 6,000 square feet of commercial...

  • Investment
  • 01 September 2020
Edi Truell: My response to calls for a consolidator to take on smaller underfunded schemes
Edi Truell: My response to calls for a consolidator to take on smaller underfunded schemes

The Pension SuperFund co-founder Edi Truell responds to PIC’s call for a consolidator to take on smaller underfunded schemes.

  • Risk Reduction
  • 30 June 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included a High Court judgement ruling the Pension Protection Fund’s compensation caps age discriminatory, while the revenue of the three biggest pension consultancy firms saw a year-on-year dip for 2019.

  • Industry
  • 26 June 2020
PIC calls for creation of compulsory not-for-profit consolidator to take on smaller underfunded schemes
PIC calls for creation of compulsory not-for-profit consolidator to take on smaller underfunded schemes

Pension Insurance Corporation has reiterated its call for the establishment of a new consolidation vehicle, run by a not-for-profit agency, to target smaller underfunded schemes with weak sponsors.

  • Risk Reduction
  • 24 June 2020
MetLife reinsures £280m of PIC liabilities
MetLife reinsures £280m of PIC liabilities

MetLife has completed its first UK longevity reinsurance transaction, covering the risk of £280m of Pension Insurance Corporation (PIC) liabilities.

  • Risk Reduction
  • 19 June 2020
PIC invests £277m in Spanish solar bonds
PIC invests £277m in Spanish solar bonds

Pension Insurance Corporation (PIC) has provided £277m of debt funding for eight Spanish solar parks.

  • Investment
  • 11 June 2020
Agreeing bulk annuities in a crisis
Agreeing bulk annuities in a crisis

After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.

  • Risk Reduction
  • 04 May 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included the Smurfit Kappa UK Pension Fund’s completion of a £1.2bn fiduciary and liability-driven investment deal with River and Mercantile, and figures showing pension transfer activity has dropped to its lowest level since 2014....

  • Industry
  • 17 April 2020
A safe harbour: How the Dock Workers Pension Fund reached buyout
A safe harbour: How the Dock Workers Pension Fund reached buyout

Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan

  • Risk Reduction
  • 15 April 2020
PIC insures £400m of liabilities in Co-op's third buy-in of 2020
PIC insures £400m of liabilities in Co-op's third buy-in of 2020

The Co-operative Pension Scheme (Pace) has agreed its third buy-in this year, insuring £400m of liabilities in the Co-operative Bank section of the scheme with Pension Insurance Corporation (PIC).

  • Risk Reduction
  • 14 April 2020
PIC completes £250m buy-in with two WPP schemes
PIC completes £250m buy-in with two WPP schemes

Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.

  • Risk Reduction
  • 31 March 2020
Alignment is key to active fiduciary management outsourcing
Alignment is key to active fiduciary management outsourcing

Following the Competition and Marketing Authority's investigation, Nick Reeve looks at how trustees can prepare for the formal tender process required for the selection of fiduciary managers.

  • Investment
  • 18 March 2020
PIC boosts financial investments by £10bn in 2019
PIC boosts financial investments by £10bn in 2019

The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.

  • Industry
  • 09 March 2020
UK Pensions Awards 2020 - Shortlists published
UK Pensions Awards 2020 - Shortlists published

Here they are. The finalist lists for the UK Pensions Awards 2020.

  • Industry
  • 03 March 2020
British American Tobacco pension schemes' net liabilities almost double in a year
British American Tobacco pension schemes' net liabilities almost double in a year

British American Tobacco’s (BAT) overall net liability for its pensions and healthcare schemes in group subsidiaries nearly doubled in the year to 31 December 2019 to £1.03bn from £518m the year prior.

  • Industry
  • 27 February 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included the launch of Scottish Widows’ new responsible investment team, and reports of Treasury plans to cut pension tax relief for high earners.

  • Industry
  • 21 February 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.

  • Industry
  • 14 February 2020
123

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Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
Livingbridge sells Broadstone to Intermediate Capital Group
Livingbridge sells Broadstone to Intermediate Capital Group
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
Industry Voice: The tipping point for UK pension schemes
Industry Voice: The tipping point for UK pension schemes
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