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Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension funds, has attained the respected Investors in People (‘IIP’) Silver Standard. This is a progression from the business having achieved the Standard level, at its first attempt, in 2019.
Key highlights from the IIP’s assessment were that: “People believe PIC is a good place to work, where they can develop alongside business growth.”
The IIP assessment was conducted over the summer and included a staff survey and interviews with of employees from across the company, in small focus groups. The assessor was impressed with PIC’s progress over the last three years, particularly against a backdrop of the pandemic and a 50% increase in staff numbers since our last assessment.
Key highlights from the assessment process were:
People believe PIC is a good place to work, where they can develop alongside business growth
Investors in People
Tracy Blackwell, Chief Executive, PIC said: “I want to say thank you to everyone at PIC who has helped us achieve this recognition. It is an excellent example of the value we place on ‘being a team’ and the contribution everyone makes to ensure PIC is ‘a great place to work’. What is especially pleasing is that it was highlighted for the specific assessment of ‘living the organisation’s values and behaviours,’ we had already attained the Gold level.
“We’ll now use the IIP’s assessment to define our priorities for 2023 and beyond, and make a plan to attain the Gold standard at the next assessment.”
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Notes to Editors:
For further information please contact:
PIC
Clive Booth
+44 (0)7780 599247
boothc@pensioncorporation.com
Apella Advisors
Janelle Romano
+44(0)7792 173071
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 30 June 2022, PIC had insured 293,400 pension scheme members and had £44.1 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. To date, PIC has made total pension payments of almost £9 billion to its policyholders. 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
