All PIC articles
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NewsPeople 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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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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UK 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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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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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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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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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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UK 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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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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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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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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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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Siemens insures £1.3bn of liabilities with Pension Corporation
Hymans Robertson predicts ‘record year’ for de-risking market
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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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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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Kingfisher insures £200m in deal with PIC
£4bn pension scheme of building supplies group has now insured more than 10% of its liabilities
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UK roundup: Merchant Navy, Pirelli schemes agree derisking deals
Also: LGPS launches investment consultancy procurement framework; New standards for independent trustees
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Pension Corp seals $1.2bn longevity reinsurance deal
UK specialist insurer has taken on pension scheme liabilities worth more than £2bn in 2017
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UK roundup: UBS awarded £11bn passive LGPS mandate
Also: Plumbing company scheme agrees £600m buy-in; Allianz backs transparency code
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UK roundup: Union proposes risk-sharing scheme for Royal Mail
Also: Aggregate liabilities spike in February, PIC confirms two de-risking deals
