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Our people

PIC employs highly-skilled individuals who all work to deliver a common purpose, supported by a culture of innovation and a strong set of values. PIC has always invested heavily in making our workplace an attractive and rewarding place to work. We can only succeed by employing high-quality individuals and then providing the support mechanisms to allow them to succeed.

Employee engagement

PIC conducts an annual employee engagement survey to help us understand how deeply our values and culture are embedded throughout the organisation and to gather feedback from employees about their experience of working at PIC.

Employees answer questions relating to areas such as customer experience, strategic direction and culture. With 89% of employees taking part in the 2022 survey, the scores demonstrate how our focus on customer care frames our culture and ethos.

Rewarding our employees

We want our employees to be appropriately rewarded for their outstanding work, and PIC offers competitive remuneration packages and a generous range of benefits. These include:

  • competitive pension contributions
  • private medical cover
  • travel insurance
  • season ticket loans
  • access to 24/7 mental health support through an employee assistance programme 
  • a Cycle to Work scheme and a dedicated secure cycle space at our London office; and 
  • death in service benefit

In order to build a sense of ownership in the business and incentivise individuals to grow the business in the right way, we operate a Save as You Earn ('SAYE') scheme. The scheme has been in place since 2013 and allows employees to build up blocks of shares in the Company. The scheme is open to all employees on an annual basis. This is unusual for a private company, but we believe it lays the foundations for a sustainable and successful company with employees able to share in the long-term value creation of the business.

Our leadership team is led by

Tracy Blackwell

Chief Executive Officer

Background and career: Tracy joined PIC as Chief Investment Officer at the company’s inception in 2006, with responsibility for managing PIC’s asset and liability management strategy. Areas of particular interest include: “The Purpose of Finance”, a project seeking to redefine the social contract with financial services; and diversity of thought in financial services.

Our Board is led by

David Weymouth


Background and career: David has extensive Chair and non-executive experience across a range of Financial Services businesses. He has previously chaired Fidelity Investment Services (UK) LTD, served as Senior Independent Director at Royal London Mutual Insurance Society, including as Audit and Risk Chair at a number of businesses.

He currently chairs the Boards at Mizuho PLC, OSB Group PLC. David’s executive career included serving as Global Chief Information Officer at Barclays and Chief Risk Officer at RSA PLC. 

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