PIC'S CEO ANNOUNCES PLANNED
RETIREMENT
London, 12 February 2025 -
Pension Insurance Corporation plc ("PIC" or the
"Company"), a specialist insurer of defined benefit pension
schemes, today announces that CEO, Tracy Blackwell, has informed
the Board of her intention to retire, having served almost 20 years
with the Company.
The Board will now proceed with a
formal search for a successor, considering internal and external
candidates. Tracy will support the Board in ensuring an orderly
transition.
David Weymouth, PIC's Chairman,
said: "The Board would like to thank Tracy for her leadership of
the Company. Tracy has had a long and distinguished career at PIC,
and in the wider insurance and pension industry, and we are very
grateful for her significant contribution, which was most recently
recognised by her award of a CBE. She will leave PIC in a strong
position as it enters the next phase of its growth."
Tracy Blackwell, PIC's CEO, said:
"It has been a privilege to work at, and lead, PIC. I never
imagined, when we started the business nearly 20 years ago, that
the Company would grow into the market leader it is today. I am so
proud of what we have achieved together, and it has only been
possible because of the dedication, commitment and talent of the
people at PIC. I look forward to watching the business continue to
grow."
- ends -
For further information please
contact:
Pension Insurance Corporation Jeremy Apfel
+44 (0)207 105 2140
apfel@pensioncorporation.com
Apella Advisors for
PIC Anthony
Silverman +44 (0) 7818
036579
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