Pension Insurance Corporation (PIC)

Company description

Pension Corporation provides innovative, bespoke risk management solutions to the trustees and sponsors of defined benefit pension funds, bringing safety and security to member benefits. Pension Corporation is the umbrella brand for:

    • Pension Insurance Corporation (PIC), an insurance company authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and PRA. It is the company with which their clients transact.
    • Pension Security Insurance Corporation Ltd (PSIC), a fully authorized Guernsey reinsurer. PSIC provides the capability to reinsure specific risks for pension funds and pension sponsors.

Company details

Pension Insurance Corporation14 Cornhill

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • January 21, 2022

    New details of financial close for student accommodation PPP project in London

    DIF Capital Partners (DIF) has reached a financial close on the London School of Economics & Political Science student accommodation PPP project in London, UK. Pension Insurance Corporation plc (...

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  • December 23, 2021

    Financial close for student accomodation PPP at London School of Economics

    DIF Capital Partners (DIF) has reached a financial close on the London School of Economics & Political Science student accommodation PPP project in London, UK. The deal will be transacted through...

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  • January 14, 2019

    UPP achieves financial close of US$180 million student accommodation project

    University Partnerships Programme (UPP) has announced that it has successfully reached financial close on a GBP139.7 million (US$178.1 million) deal with the University of Exeter on its East Park proj...

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  • February 07, 2018

    UPP secures financing for acquisition of Swansea University accommodation projects

    University Partnerships Programme (UPP) has achieved financial close on a circa GBP98 million (US$137,77 million) deal to acquire two companies from brownfield developer St Mo...

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  • June 15, 2017

    Financial close on Essex student scheme

    Essex University is due to close the financing of its accommodation scheme with a second Assured Guaranty-wrapped index-linked bond issue, following the university’s first deal in March 2017.

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  • January 09, 2017

    The Pension Insurance Corporation finances student housing project in London

    Assured Guaranty Europe (AGE) has announced the successful close of a guaranteed £87 million (US$106 million), 46-year index-linked loan, provided by The Pension Insurance Corpora...

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  • June 20, 2016

    Pension Insurance Corporation invests in Thames Tideway Tunnel

    As we reported in early June, Tideway, the new company established to construct the Thames Tideway Tunnel, priced a bond issue for the above-referred amount to finance the project.

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  • July 10, 2014

    Pension Insurance Corporation (PIC) finances University of London accommodation

    University Partnerships Programme (UPP) has successfully completed a £140.7 million (US$241 million) deal, establishing a long-term partnership, to redevelop the Garden Hall Residences at the Universi...

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  • January 08, 2014

    Pension Insurance Corporation finances its second housing PFI project

    Pension Insurance Corporation (PIC), a specialist provider of insurance solutions for defined benefit pension funds, has provided £74 million of funding as the key investor for a PFI bond which allows...

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  • September 19, 2013

    Institutional investor finances Salford PFI housing project

    Investec has arranged a deal, in which £82.6 million of 29-year bonds have been issued and placed to provide debt for Together Housing Group's new Pendleton Social Housing PFI project.

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