All Pension Insurance Corporation (PIC) articles – Page 3
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News
Chairs of pension schemes make net-zero statement of support
Statement ‘helps to amplify influential voice in run-up to COP26’, says coordinator A4S
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DB insurer PIC expands private debt exposure with US allocation
Insurer says new mandate will ‘help trustees more easily secure the pensions of scheme members’
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People moves: Amundi names Dutch CEO; French caisse elects board president
Amundi, CNAVPL, Regnan, JOHCM, La Française, Vanguard, M&G, Aon, JP Morgan Asset Management, Pension Insurance Corporation, Tikehau Capital
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News
Old British Steel Scheme set for £2bn buyout with PIC
The transaction will secure the pensions of 30,000 former steelworkers and keep them out of the Pension Protection Fund
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NewsUK roundup: £98bn saved in workplace pension schemes in 2019
Plus: Good news for longevity reinsurance market capacity; Brunel picks Macquarie for transition management
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NewsUK roundup: TPR pipes up over inter-DC transfers; ‘Cross-country’ PRT deal
Plus: Co-op Pace pension fund de-risks again with Aviva in £350m deal
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NewsUK roundup: Co-op selects PIC for another £400m buy-in deal
Plus: Brunel PP appoints CACEIS for cost transparency contract
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News
Co-op pension scheme insures more liabilities as PIC deal disclosed
Deal mirrors that of de-risking transaction with Aviva announced last month
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NewsUK roundup: No change to auto-enrolment earnings trigger
Auto-enrolment obligation to kick in from £10,000 for another year at least
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News
Merchant navy fund converts longevity swap to £1.6bn buy-in
Transaction said to have been helped by use of Guernsey captive cell in 2014
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News
PIC invests £250m in debt issued by City of London
The investment is part of an ambitious programme of major projects designed to benefit the Square Mile, London and the UK
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News
Energy scheme completes rare longevity swap to buy-in conversion
£750m deal between Scottish & Southern Energy scheme and PIC marks fifth conversion
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NewsDe-risking deals totalled £17.6bn in H1: LCP
Legal & General and Pension Insurance Corporation dominated the market for buy-ins and buyouts in the first six months of 2019, and the total for the full year is set to be a record
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News
Tobacco giant seals £3.4bn pension de-risking deal with PIC
Transaction accounts for the bulk of British American Tobacco’s UK DB pension fund, and is Pension Insurance Corporation’s biggest deal to date
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News
Marks & Spencer strikes fresh buy-ins worth £1.4bn with PIC, Phoenix
The UK high street chain has now insured ‘approximately two thirds’ of its pensioner liabilities to reduce exposure to longevity changes and other risks
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News
Commerzbank UK scheme insures DB and DC sections for £1.2bn
Also: Rothesay Life backs £110m buyout of electronics company pension plan
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NewsUK roundup: Railpen scheme director to retire
Plus: Hampshire LGPS awards short-term global equity mandate; Co-op seals £425m buy-in deal
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UK roundup: FTSE 350 companies ‘could de-risk at low or no cost’
Also: Rentokil Initial seals £1.5bn buy-in with PIC; Listed companies’ combined shortfall improved in November
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News
People moves: UBS hires Unilever’s in-house sustainability expert
UBS Asset Management, Univest, Pension Insurance Corporation, Amundi, SEI, Fiera, Fulcrum, Kempen, Eaton Vance
