All Pension Insurance Corporation (PIC) articles
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NewsPIC CEO Tracy Blackwell to retire after 20 years of service
The board has now processed with the formal search for successor
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NewsMomentum expected to continue for smaller schemes in BPA market
2024 saw new entrants Royal London and Utmost complete their first deals below £100m
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NewsPeople moves: Alecta poaches duo from AMF
Plus: Aviva Investors picks head of EMEA institutional client relationship management; Regeneration.VC adds partner, chief impact officer
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NewsClarks Footwear Pension Fund completes second buy-in with PIC
PIC has now insured all £820m of the fund’s defined benefit liabilities
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NewsPIC completes first transaction under streamlined service Mosaic
The buy-in deal for the General Council of the Bar Pension and Life Assurance Fund is worth £20m and covers its 103 members
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NewsSEI joins forces with PIC to facilitate master trust access for DB scheme members
DB scheme members with DC and AVC arrangements will be able to access the SEI Master Trust
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NewsHays pension scheme completes £370m buy-in with PIC
The transaction is final step towards Hays fully insuring its UK DB pension obligations
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AnalysisUK’s productive agenda overlooks life insurers holding £310bn of pension assets
UK life insurers could potentially invest up to £100-£200bn in productive investments over the next 10 years
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NewsThree UK pension schemes complete buy-in transactions
Atradius Pension Scheme completed £190m buy-in with PIC; Halma Group Pension Plan and Apollo Pension and Life Assurance Plan completed £250m buy-in with Standard Life
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AnalysisUK bulk annuity market expected to close at £40-50bn in 2024
Before the end of the year, there will be 11 insurers providing quotes on deals, more than ever before in the UK and showing the vibrancy of the market, says WTW
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AnalysisIPE UK Briefing: UK looks up to Canadian model
Plus: Making growth assets more investable; British Co-Investment Fund is launched; Value for Money consultation
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NewsCoats Group scheme completes £1.3bn buy-in deal with PIC
The deal covers 18,042 scheme members, as the plan sponsor makes upfront cash contribution of £70m to the scheme and a further £30m loan
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NewsLPPI says replicating ‘Canadian model’ could unlock £16bn for infrastructure
Based on whichever numbers, there is potential for significant additional infrastructure investment ‘hopefully with most of it’ in the UK, says former LGPS Central CEO
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NewsUK government announces ‘landmark’ pensions review
Chancellor of the exchequer, Rachel Reeves, says the review is set to boost investment, increase pension pots and tackle waste in the UK pensions system
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NewsTotalEnergies UK Pension Plan completes £1.2bn buy-in with PIC
transaction had unique structuring requirements and a complex benefit structure
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NewsPIC launches streamlined solution for small pension schemes
The service will be available to schemes with assets of less than £100m looking to complete a buyout
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NewsDe Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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NewsNext Group completes £510m buy-in deal with Pension Insurance Corporation
Pension liabilities for over 3,600 pensioners and deferred policyholders of the Next Pension Plan have now been fully insured
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NewsPeople moves: Lombard Odier Investment Managers names head of France
Plus: Perpetual hires EMEA distribution head; PIC add trio to origination team
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NewsPIC says DC saving pots should not be referred to as ‘pensions’
DC schemes fail to meet the key definition of a pension – the provision of a regular income, says PIC
