Philosophy

Tailored solutions for complex issues

The security of the defined benefit pension promise remains a live and important issue.

For trustees, managing a pension scheme becomes ever more complex. They are obliged to identify appropriate strategies to avoid or reduce a deficit, taking into account member longevity projections, market volatility, interest rate movements, inflation and changes to pensions legislation. They have to rely on the continued good health of the corporate sponsor, which may be required to make additional contributions over a number of years to offset any deficit.

Pensions are not the core business of employers that sponsor defined benefit pension funds.

Management teams at the corporate sponsor are faced with the problem of maintaining a set of financial commitments in respect of the pension fund  made in a previous era, when assumptions and expectations were vastly different.

Pension Insurance Corporation (PIC) was founded to provide innovative, bespoke solutions for the issues arising from the provision of defined benefit pensions.

Superior client service

We help trustees secure their scheme members' entitlements for the long-term, and sponsors remove liabilities from their balance sheets.

Where the trustees of a pension fund have decided that safety and security for member benefits through a pension insurance transaction is the right way forward, PIC's insight, analysis and experience mean we are able to offer a tailored, competitive package, secured to the highest standards.

Insurance-based options will help many trustees deliver the entitlements that their members are due, and sometimes more.

Safety and security for member benefits through relentless risk management

PIC's sole focus is on managing assets and paying liabilities - the management of risk in the context of paying pensions is our business.

Therefore, our capital and resources will not be diverted away from pensions to cover any other risks. Our systems, asset and liability management processes and administration capabilities remain firmly focussed on one thing: our policy holders.

No matter what the issues are when looking to meet the promises to members, we are happy to discuss how we can bring peace of mind to trustees and free up the corporate sponsor to concentrate on its core business.