Edmund Truell is planning to take Pension Insurance Corporation to the Netherlands, Germany and eventually South Africa soon after it is formally launched in the UK this year.
PIC, one of the new breed of companies set up in the past year to ease corporate pension scheme liabilities by buying or insuring them, is targeting the biggest UK pension funds. With Dutch, German and South African operations, PIC would offer pension schemes with members in each country the opportunity to hive off more of their longevity risk â the risk incurred by uncertainty over life expectancy.
