PIC sees rise in profits on back of new buy-in and buyout deals

Stephanie Baxter
clock

Pension Insurance Corporation (PIC) increased its operating profit by 200% in the first half of the year following a string of new bulk annuity contracts.

IFRS operating profit before tax rose to £105m from H1 2013 while underlying operating profit increased 59% to £54m, according to the pension scheme insurer's half yearly results published today. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 05 March 2025 • 1 min read
Tender Watch: WYPF reappoints Aon for actuarial advice

Tender Watch: WYPF reappoints Aon for actuarial advice

Firm has provided LGPS fund with actuarial services since 2009

Professional Pensions
clock 27 February 2025 • 1 min read
Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Trustpilot