Pension Insurance Corporation plc Secures £50M Boost to Power Secure Retirements and Future Growth

Pension Insurance Corporation plc is thrilled to announce that it has successfully raised £50,000,000 in its latest funding round, marking a pivotal moment in our ongoing mission to secure the financial futures of our policyholders. As a trusted provider of tailored pension insurance buyouts and buy-ins to UK defined benefit pension schemes, PIC’s core purpose is to pay the pensions of its current and future members through comprehensive risk management and exemplary asset and liability oversight. Currently, the company insures 348,600 pension scheme members and manages an impressive £47.7 billion in financial investments, reflecting our robust commitment to delivering secure retirement incomes. With total pension payments reaching £14.9 billion and more than £13 billion invested in the UK economy as at 30 June 2024, PIC has played a crucial role in creating significant social value for clients that range from FTSE 100 companies and multinationals to entities within the public sector. The funding raised will be strategically allocated to enhancing our risk management frameworks and customer service excellence, as well as further bolstering our innovative pension insurance solutions. This infusion of capital is expected to accelerate our ability to optimize asset and liability management practices, thereby ensuring that we continue to meet the evolving needs of our policyholders and stakeholders in an increasingly dynamic economic environment. As an institution authorised by the Prudential Regulation Authority and regulated in conjunction with the Financial Conduct Authority, PIC remains committed to upholding the highest industry standards while driving forward initiatives that not only safeguard retirement incomes but also contribute to the broader financial stability and social well-being of the communities we serve. For further information please visit www.pensioncorporation.com.