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Insurance Asset News
ALM & Capital

PIC’s government bond holdings rise as corporate bonds fall and private investments stand still

By IAN Editorial Desk
19 September 2026·2 min read
Primary source: pensioncorporation.com

New business fell to £0.3bn from £1.1bn in the half in which Athora completed its acquisition.

Pension Insurance Corporation held £26.3bn of government bonds at 30 June, 48% of its investment portfolio and up from £24.2bn at the end of last year, while its corporate bond holdings fell to £11.4bn from £13.5bn.

Those two holdings sit inside one book of £54.4bn in financial investments, down over the half from £54.8bn, while PIC’s insurance liabilities fell to…

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