PIC confirms £5.6bn of annuities in record risk transfer year

James Phillips
clock • 5 min read

Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.

The insurer said it had agreed seven transactions over the course of the year, including a £2bn buy-in with the Old British Steel Pension Scheme, the largest deal announced for the year as yet. ...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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