PIC posts record year for bulk annuities

James Phillips
clock • 1 min read

Pension Insurance Corporation (PIC) insured £7.2bn of scheme liabilities over the course of 2019, recording more new business than in any year prior.

In unaudited results, the insurer said its 2019 business was £100m up on 2018, the previous record year, with 15 bulk annuity transactions completed with pension schemes, resulting in an average de...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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