PIC makes £55m housing association investment

The investment will be used to help build 1,400 homes by 2026

Holly Roach
clock • 2 min read
PIC makes £55m housing association investment

The Pension Insurance Corporation (PIC) has invested £55m as debt in Northern Ireland-based Clanmil Housing Association.

The firm's investment will be used to help build Clanmil's goal of 1,400 homes by 2026. The investment split between £25 million drawdown until September 2023, and £30 million delayed drawdown u...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

More on Investment

TPTIM signs up first external fiduciary management client

TPTIM signs up first external fiduciary management client

Deal with Dalriada comes on behalf of a DB scheme sponsored by Paradigm Housing

Jonathan Stapleton
clock 17 November 2025 • 1 min read
It's time for DC schemes to view nature as an asset class

It's time for DC schemes to view nature as an asset class

Louise Farrand says biodiversity is a financial factor with a huge under-recognised value

Louise Farrand
clock 14 November 2025 • 5 min read
Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

A partnership with SEI helped the Joy Global pension scheme turn a stubborn deficit into a surplus and paved the way for a buy-out. The key, says Trustee Jim Parker, was frank communication.

SEI
clock 12 November 2025 • 5 min read
Trustpilot