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PIC, a specialist insurer of defined benefit pension schemes, has selected Beyond as its second corporate charity partner, joining Independent Age.
Following an announcement earlier in the year that PIC staff would be able to vote for an additional charity partner PIC’s Charity Committee initially received 25 nominations for potential candidates. A shortlist of five were then invited to present to the Charity Committee each receiving a donation of £2,500. A company-wide vote was then held between Autistica and Beyond, with Beyond receiving the majority of the votes.
Beyond is a youth mental health charity tackling the growing mental health crisis among children and young people in the UK. They address the lack of access to support by creating opportunities for early and personalised interventions.
Beyond believes that every child deserves the right to receive the most effective mental health support for them, at the most effective time. Guided by a volunteer Youth Board who use their own experiences to inform the charity’s work, and ensure they stay focussed on young people's evolving needs, Beyond is working to make this a reality.
Louisa Rose, Chief Executive of Beyond, said: “On behalf of Beyond we cannot thank Pension Insurance Corporation enough for selecting us as one of your charity partners. To receive such generosity from companies like yours is essential to the success of our mission, so we are deeply grateful for PIC's support. We look forward to being on this journey with you and believe that, together, we can create lasting change. Thank you for believing in us and helping to make a difference to the lives of young people in the UK.”
Midori Abraham, Chair of PIC’s Charity Committee, said: “We’re all really looking forward to making a meaningful difference to the work Beyond does. It was difficult to choose from the shortlisted charities but in selecting Beyond our colleagues will be able to contribute to the wellbeing of young people, as well as continuing our work with Independent Age supporting older people facing financial hardship by offering award-winning information, advice and support.”
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For further information please contact:
PIC
Clive Booth
+44 (0)7780 599247
boothc@pensioncorporation.com
Apella Advisors
Arne Wysny
+44 (0) 7818 497469
PIC@apellaadvisors.com
About PIC
The purpose of PIC is to pay the pensions of its current and future policyholders. PIC provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. At half year 2024, PIC had insured 348,600 pension scheme members and had £47.7 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of UK defined benefit pension schemes. At 30 June 2024, PIC had made total pension payments of £14.9 billion to its policyholders and had invested more than £13 billion in the UK economy, creating considerable social value. Clients include FTSE 100 companies, multinationals and the public sector. PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). For further information please visit www.pensioncorporation.com
