![]() |
Pension Insurance Corporation has provided £74 million of funding as the key investor for a PFI bond which allows Manchester City Council to begin regenerating more than 1100 homes in the Brunswick area of the city. The bond has been guaranteed by Assured Guaranty (Europe) Ltd. Lloyds Bank was the bond arranger. The project will deliver construction and refurbishment of social homes, new parks and green spaces and play areas, as well as allowing the construction of 322 new homes for private sale. In September 2013, PIC announced that it was the sole investor in £72 million of bonds backed by a project agreement with Salford City Council, to fund the New Pendleton Social Housing PFI project. The c.£150 million invested in Social Housing PFI bonds in Greater Manchester, is part of a wider infrastructure investment strategy by PIC which has seen almost £2 billion invested in the asset class this year. PIC’s investment strategy focusses on long-term, secure debt investments to match long-dated liabilities in a growing portfolio.
Allen Twyning, Investment Manager at Pension Insurance Corporation, said: “Having underwritten this deal and invested £74 million, we are very pleased to have completed a second PFI bond in Greater Manchester in recent months. With more than £3 billion of pension scheme liabilities insured in the past year, PIC has seen strong inflows which we are seeking to invest in assets with long-dated, stable cash-flows.” |
|
|
|
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
Senior Investment Manager | ||
London / hybrid - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
Principal Risk Analyst - island adven... | ||
Bermuda - Negotiable |
Make a difference within BPA Administ... | ||
North West / hybrid 50/50 - Negotiable |
GI Provisioning in the Public Sector | ||
London or Edinburgh / hybrid 3 dpw office-based - Negotiable |
Associate Actuary - Risk Transfer Con... | ||
Flex / hybrid 50/50 - Negotiable |
Assumptions Actuary | ||
London/Hybrid - Negotiable |
Senior Actuary | ||
London/Hybrid - Negotiable |
Senior Investment Trainee | ||
London or Edinburgh / hybrid 50/50 - Negotiable |
Pensions Manager | ||
Any UK office / hybrid 2 dpw office-based - Negotiable |
Actuarial Reserving Senior Manager | ||
London / hybrid - Negotiable |
Senior Actuarial Consultant – GMPe | ||
Any UK Office location / Hybrid working - Negotiable |
Senior Life Actuarial Consultant | ||
London / hybrid 3 dpw office-based - Negotiable |
Associate Director - BPA Origination | ||
London / hybrid 2-3dpw office-based - Negotiable |
Actuarial Reserving Manager | ||
London / hybrid 2 days p/w office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.