Resources Contact us Search Login About us What we do How we do it Financials Events The Purpose of Finance Media Home About us Who we are ABOUT US Share WHO WE ARE PIC is an established, leading player in the specialist UK bulk annuity market We only insure UK defined benefit pension scheme liabilities We pride ourselves on superior client service for policyholders, trustees and pension fund sponsors We are able and willing to price and structure transactions that meet client needs We offer innovation and flexibility to deliver to specific client requirements Our continued success in writing new transactions reflects confidence shown by trustees and sponsoring companies in the strength of PIC’s balance sheet We have a robust approach to risk management New business success: £47.6bn of financial investments at half-year 2021, c.24% share of buy-in/buyout sector long term 270,800 pension fund members insured More than 210 pension funds insured including two of the largest full buyouts in the UK We have successfully completed pension insurance buyouts and buy-in transactions for clients including: “This transaction will eventually see Old British Steel Pension Scheme members receive benefits either at the same PPF level as those currently provided or, for many members, an uplift above that amount. Old British Steel Pension Scheme members can take comfort that their benefits will be looked after by an insurer which is authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, as well as being committed to the highest levels of customer service.” Jonathan Hazlett Managing Director of Open Trustees Ltd Other key points to note: No legacy business lines or product exposures Conservative investment portfolio with ALM focus Hedging of interest, inflation and currency risks and reinsurance of majority of longevity risk Efficient operating model with substantial economies of scale Fit-for-purpose IT and specialised processes Satisfied PIC policyholders “This is about the 4th or 5th time I’ve been in contact and every time the service has been excellent.” “It is a pleasure to deal with such a helpful and efficient company.” “Pension Insurance Corporation are first class...You are clearly leaders in a competitive market. I will recommend you to other people.” “I have always had excellent service from your staff. I can only thank you and your staff for the way they have looked after me.” “Very happy with all the communication that I’ve had with Pension Insurance Corporation, very satisfied to know that the pension is in good hands, thank you.” None of my other pension administrators are comparable with PIC. They are unique in their approach to the scheme participants. Policyholder comment 2017 Watch our 2020 results video PICG’s 2021 half year report gives an overview of the company’s performance. Home Sitemap Privacy policy Terms of use Cookie Policy Making a complaint Manage cookie preferences © Copyright 2021 Pension Insurance Corporation plc by Emperor Pension Insurance Corporation plc is registered in England and Wales under company number 05706720. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). Its registered office is at 14 Cornhill, London EC3V 3ND. PIC is proud to hold a range of industry awards and accreditations. See our latest awards. Our use of cookies Our website uses ‘necessary cookies’ to make it work. To help us understand the information you’re most interested in and improve our website, we’d like to use ‘optional cookies’ but only if you allow this. Our ‘Manage cookie preferences’ tool gives you control over the types of cookies used when you visit our website; you can use the ‘Manage cookie preferences’ link at the bottom of any page on the website to review or update your cookie preferences. For more detailed information about the cookies we use, please visit our Cookies page. Accept all cookies Manage cookie preferences >