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Pension Insurance Corporation stands for integrity and customer service in securing the risks associated with defined benefit pension funds in the UK.
We are straightforward to deal with and do what we say we’ll do.
PIC is a UK based insurance company, specialising in securing the liabilities of Defined Benefit pension schemes.
At half-year 2021, we had £47.6bn of assets and insured 270,800 pension scheme members.
PIC's senior team has deep expertise in the pension insurance sector. The team comes from a range of backgrounds and is led by CEO Tracy Blackwell and overseen by Chairman Jon Aisbitt.
PIC is the proud holder of many industry awards. Since 2016, PIC has won a number of industry awards and accreditations for the quality of our work with policyholders, trustees and corporate sponsors and our approach to risk management.
PIC has attained the Institute of Customer Service's ServiceMark Accreditation, for outstanding customer service.
PIC has also attained the Plain English Campaign’s Platinum status by having all applicable policyholder communications Crystal Marked, running to over one hundred documents.
Both of these accreditations are unique in our market.
PIC is well known for excellent customer service, both for trustees and for policyholders. My personal experience of working with them has entirely borne this out.
Andrew Barnett Watson Petroleum Trustee
This has been a complex transaction given the size and history of the Fund. I want to thank Philips for their support and PIC for their hard work and flexibility in securing these pension liabilities for the long-term.
David Jordan Chairman of Trustees of the Philips Pension Fund
PIC's values and culture, as central to our ethos when we were founded as they are today, help ensure that all our employees, from our interns to our Chairman, genuinely treat our customers as our first priority, whilst at the same time delivering strong performance for our shareholders.
Valuing our customers is at the heart of PIC's values, and central to everything we do.
