About Us
Trustees
Policyholders
Purposeful investments
Investors
New & insight
At the heart of PIC’s investment strategy is our focus on fulfilling our purpose of paying the pensions of our policyholders. This means sourcing the secure cashflows needed to pay hundreds of thousands of pensions over the coming decades.
First, this makes us naturally cautious investors and explains the construction of a portfolio that is resilient and durable enough to withstand whatever storms blow up in the markets from year-to-year.
Second, it means that we are committed investors in areas like social housing, urban regeneration projects, the UK’s education system, and renewable energy. The more social value our assets create, the more likely they are to be good long-term investments and support our pension payments for decades to come.
PIC has been a significant investor for over a decade in areas like social housing, renewable energy and the UK’s universities. These investments, which are typically sourced privately, provide the cashflows we need to match our liabilities at maturities when publicly-available debt is simply not available. Borrowers benefit from the flexibility in funding we are able to offer, for example, with deferred drawdown and bespoke terms.
In total we have invested £10.3 billion, which includes £3.6 billion in social housing, £1.0 billion* in renewable energy and more than £3.0 billion in the UK’s education system.
*Market value as at 31 December 2022
Investments with significant social value
Our privately sourced debt investments cover Build-to-Rent investments, Regeneration Lease schemes for Local Authorities, and the Debt Origination team, that for example invest in new student accommodation and more general infrastructure projects such as Thames Tideway.
