The Pension Insurance Corporation (PIC) has appointed Michael Eakins as its next chief executive officer as it enters a pivotal new chapter following its acquisition by Athora.
Eakins joins PIC from Standard Life, where he served as group chief investment officer and CEO of retirement solutions and asset management for the past six years, after a 14‑year career as managing director at Goldman Sachs and earlier actuarial roles at EY and AXA.
Eakins replaces Dom Veney, PIC’s chief financial officer, who took over as interim CEO from 31 December 2025 upon the retirement of Tracy Blackwell.
“PIC’s clear sense of purpose is fundamental to the success of the business and is something I want to build on, working with the current leadership team and Athora,” said Eakins in a statement.
Athora’s acquisition of PIC, initially announced last summer and approved last week, will give PIC a single strategic owner for the first time in its history and create one of Europe’s largest retirement services groups, it was announced.
Upon completion, Athora will have assets under management and administration (AuMA) of over €130bn, backing the pensions of more than three million savers and retirees across Europe. PIC will represent approximately 45% of Athora’s total AuMA and will be an important part of Athora’s long-term strategy, it added.
PIC has been contacted to provide further information on whether there will be further management changes following the acquisition.
