Pension Insurance Corporation
The return of the buyout: The key factors driving the resurgence of full insurance buyouts
Jonathan Stapleton asks how the combination of improved scheme funding and better insurer pricing could drive a resurgence in the take-up of full insurance buyouts.
PIC racks up £4.5bn of bulk annuity business in 'best ever' year so far
Sales in Pension Insurance Corporation's (PIC) bulk annuity business rose by 73% compared to the same period last year, its half-year results have revealed.
How the BHS successor scheme completed an £800m buyout
Over two years since the collapse of the high street giant, BHS pension scheme members will be able to put their anxieties to rest thanks to a bulk annuity deal. James Phillips explores the detail.
Five stories you may have missed this week
This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.
Menzies scheme agrees £75m buyout with PIC
The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.
New BHS scheme completes £800m buyout with PIC
Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).
Bulk annuity market in record-breaking first half
Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.
PIC invests £150m in Heathrow Airport debt
Pension Insurance Corporation (PIC) has invested £150m in debt issued by Heathrow Airport.
Civil Aviation Authority completes £60m pension buy-in with PIC
Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.
Five stories you may have missed this week
This week's top stories included coverage of the Court of Appeal's judgment in the latest instalment of British Airways' five-year battle with its trustees.
The key issues for risk reduction: Three lawyers have their say
PP asks three lawyers about how the key legal issues schemes facing schemes conducting or considering risk reduction exercises
Abu Dhabi's sovereign wealth fund buys stake in PIC
The Abu Dhabi Investment Authority (ADIA) has agreed to acquire up to 21.4% of shares in the Pension Insurance Corporation (PIC) Group from its founding investor J.C. Flowers & Co.
PIC hires Dominic Veney as chief actuary
Pension Insurance Corporation (PIC) has named Dominic Veney as chief actuary and appointed him to its senior management team.
UK Pensions Awards 2018 - The Winners
Here they are - the winners of the UK Pensions Awards 2018...
Prudential reinsures $1.2bn of PIC's longevity risk
Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.
Kingfisher scheme completes £200m buy-in with PIC
The Kingfisher Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), covering around £200m of liabilities for 400 pensioner members.
Asset managers failing to 'fulfil purpose'; Industry needs focus on systemic risk and a 'do no harm' Hippocratic Oath for practitioners
The asset management industry is failing to fulfil its purpose because of an overreliance on modern portfolio theory, which has not evolved to meet current challenges, latest research claims.
WPP completes £140m buy-in deal with PIC to insure five schemes
Five schemes sponsored by advertising firm WPP have completed a buy-in with Pension Insurance Corporation - insuring £140m of pensioner and deferred liabilities.
PIC invests additional £40m in social housing
Pension Insurance Corporation (PIC) has invested £40m with Halton Housing to finance affordable property developments across the UK.
Top predictions for bulk annuities in 2018
The buy-in and buyout market is on course for a record-breaking year as demand continues to rise amid attractive pricing. Victoria Ticha looks at what to expect
PIC completes £725m longevity reinsurance deal with PartnerRe
Pension Insurance Corporation (PIC) has agreed to insure all its pensioner liabilities with PartnerRe in a deal set to cover its full buy-in of the Dockworkers Pension Fund.
Pirelli and PIC agree three buy-ins worth £100m
All past and current members of three Pirelli defined benefit (DB) schemes have had their benefits insured through buy-ins worth £100m with Pension Insurance Corporation (PIC).
Dock Workers fund completes £725m buy-in with PIC
The Former Registered Dock Workers Pension Fund has completed a £725m buy-in with Pension Insurance Corporation (PIC) in what is believed to be the biggest deal so far this year.
PIC invests £115m in offshore wind farm debt
Pension Insurance Corporation (PIC) has invested in the expanding offshore wind sector for the first time, expanding its asset allocation to renewable energy.
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