PIC reports 2015 new business of £3.5bn following Philips buyout
By IAN Editorial Desk
News date: 15 March 2016Published 24 May 2026·3 min read
By IAN Editorial Desk Pension Insurance Corporation has reported £3.5 billion of new business written to date in 2015, underlining the impact of its circa...
Pension Insurance Corporation has reported £3.5 billion of new business written to date in 2015, underlining the impact of its circa £2.4 billion full buyout of the Philips UK Pension Fund on its growth trajectory and balance sheet scale. The Philips transaction, PIC’s largest ever full buyout, takes its assets under management to more than £16 billion and materially deepens…
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