All Pension Insurance Corporation (PIC) articles – Page 4
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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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News
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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People moves: UBS hires Unilever’s in-house sustainability expert
UBS Asset Management, Univest, Pension Insurance Corporation, Amundi, SEI, Fiera, Fulcrum, Kempen, Eaton Vance
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News
Chris Hitchen to chair DB scheme consolidator
Former chiefs of Railpen and Hannover Life Re join UK DB consolidator as non-execs
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Bankrupt UK retailer’s pension fund secures €895m insurance buyout
Pension Insurance Corporation insures benefits of BHS scheme after two years of public scrutiny of former owners
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News
UK bulk annuities set for record year as 2018 total hits £20bn
Cost of pension derisking may increase if demand continues, warns consultancy group
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News
Pension Insurance Corporation seals two more de-risking transactions
Civil Aviation Authority and 600 Group have both insured some or all of their pension liabilities
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NewsUK roundup: £43bn asset pool hires Robeco for engagement mandate
Plus: UK DB deficit falls back below £90bn; Engineering institute seals £50m de-risking deal
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News
Siemens insures £1.3bn of liabilities with Pension Corporation
Hymans Robertson predicts ‘record year’ for de-risking market
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NewsPension Corporation backs innovative £850m buyout
Three-year project included multiple de-risking elements with free advice for 2,400 members
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News
Abu Dhabi’s sovereign fund buys 21% stake in UK pension insurer
PIC has been one of the most active insurers in the UK DB de-risking space in the past 12 months
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NewsPeople moves: Amundi appoints responsible investment chief [updated]
Amundi, Pensioenfederatie, AMG, The People’s Pension, CEPB, PIC, AFM, PWRI, Schroders, Willis Towers Watson, Wells Fargo
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News
Pension Corp strikes £900m reinsurance deal with Prudential
Latest transaction covers 7,500 pensioners across two UK pension schemes insured by PIC
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News
Toshiba offloads UK scheme in £170m buyout deal
Rothesay Life backs transaction insuring benefits for 1,350 staff
