PENSION INSURANCE CORPORATION PLC
Company Information
- Company Number
- 05706720
- Registered Address
- 14 Cornhill, London, EC3V 3ND
- Status
- Active
- Employee Count
- 0
- Turnover
- £193,000,000
- EBITDA
- £491,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 13 February 2006
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
Company Review
Trend Analysis
Overall, there has been a slight decrease in the average time taken for PENSION INSURANCE CORPORATION PLC to pay invoices to suppliers over the past three periods. However, there has been some volatility in the percentage of invoices paid within 30 days, with a decrease in the latest period compared to the previous one.
Volatility Analysis
There has been some volatility in the percentage of invoices paid within 30 days, with a decrease in the latest period compared to the previous one. However, the percentage of invoices paid between 31 and 60 days has remained relatively stable over the past three periods.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
Payment Time Trends
Payment Distribution Trends
Company Summary
Pension Insurance Corporation PLC (PIC) is a UK-based company that specializes in providing insurance solutions for pension schemes. The company was founded in 2006 and is headquartered in London.
PIC's main activity is to provide bulk annuities to pension schemes, which involves taking on the financial risk of paying the pensions to the scheme members. This allows the pension scheme trustees to transfer the risk and responsibility of paying pensions to PIC, ensuring that the members' benefits are secure and sustainable.
In addition to their core business, PIC also has a strong focus on sustainability. They have a dedicated sustainability team that works to integrate environmental, social, and governance (ESG) considerations into their investment decisions. They also have a sustainability policy which outlines their commitment to responsible investing and reducing their environmental impact.
PIC's products and services include buy-in and buy-out solutions for pension schemes, where they assume the risk and responsibility of paying pensions to the scheme members. They also offer longevity insurance, which protects against the risk of members living longer than expected, and other risk management services.
The key people at PIC include the CEO, Julian Parrott, and the Chairman, Brian Bussell. They also have a team of experienced executives and investment professionals who work together to provide high-quality solutions to their clients.
The company's registered office address is 14 Cornhill, London, EC3V 3NR, United Kingdom. Their website address is www.pensioncorporation.com, where one can find more information about their products and services, sustainability program, and contact details. Overall, PIC is a leading provider of pension insurance in the UK, with a strong focus on sustainability and responsible investing.
