PIC eyeing £1.2bn flotation - reports

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Pension Insurance Corporation (PIC) is weighing up a £1.2bn flotation to raise fresh capital to support its rapid growth, according to reports in The Daily Telegraph.

The newspaper said the possibility of an initial public offering (IPO) had been discussed with investors at a meeting in Guernsey. This follows a busy period which have seen the bulk annuity pro...

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