Pension Insurance Corporation

Pension Insurance Corporation (PIC) is a company with a clear purpose, a strong link to the creation of social value, and a culture that allows our employees to grow with the company and see the contribution they make to our success. PIC pays the pensions of hundreds of thousands of members and former members of UK defined benefit pension schemes.

We invest in long-term assets, like UK infrastructure and regeneration projects, to provide the very long-term cashflows we need to pay those pensions over the coming decades. These investments have the beneficial outcome of supporting jobs and apprenticeships, driving economic growth, and creating significant social value.

Our objective is to create long-term social value as we fulfil our purpose, leading to sustainable  benefits for the economy, the environment and society. It gives our policyholders, employees, and others a sense of community and engagement as we continue to transition to a more green and sustainable way of working. There are four distinct pillars:  

  1. Protecting the environment by transitioning to Net Zero, meeting our carbon commitments 
    and increasing the positive biodiversity impact of our real assets.
  2. Being a responsible investor by integrating ESG into our investment processes, active participation in ESG industry initiatives, as well as investing in Sustainable Assets and mapping the impact they create.  
  3. Making communities sustainable, safe, and inclusive by investing across the UK in assets that provide essential services, helping turn brownfield assets into greener alternatives, providing local employment and skill development opportunities and providing financial and non-financial charity support.
  4. Long-term sustainable business by promoting a culture that is inclusive and diverse, providing detailed and transparent reporting, and ensuring long-term alignment of stakeholders.

We are proud to be an equal opportunity employer: we treat everyone equally, regardless of age, gender identity, race and ethnicity, disability, neurodiversity, sexual orientation or religion. Our DEI activity is incorporated into our hiring process and the makeup of our organisation.

PIC supports several DEI initiatives through corporate sponsorship including Social Capital 
Network, the Actuarial Mentoring Programme (AMP), LGBT Great, GAIN (Girls Are INvestors), the 10000 Interns Foundation and Women In Banking & Finance, which provides female colleagues, at all levels, with access to development and networking opportunities, and the business with channels to recruit more female talent. We have a PIC Women’s Network and a dedicated Diversity, Equity and Inclusion Forum, which is comprised of employees from across the business.

Our gender pay gap figure of 11.4% is below the financial services indicative average of 22.7%. PIC recruited approximately 146 new joiners since 2022 and of these, 43% were women.

Outside of our day-to-day roles, our people enjoy a variety of events throughout the year which 
bring us altogether, including: sports teams, including netball and football, monthly Town Halls, our famous annual Treasure Hunt, our summer PICnic, tyPICal Days, and charity fundraisers e.g. End of Summer Party, annual quizzes. The notions of making a difference and giving back are a key part of life here at PIC.

Our two main charity partners are Independent Age and Rethink Mental Illness with various events occurring throughout the year such as half marathons. We encourage our people to participate by offering two days’ volunteer leave per year and also match charitable fundraising.

Depending on your role, what you need and what the business needs, we may support you in gaining a professional qualification. Our dedicated Learning & Development team is here to support you, creating learning environments where you can continuously develop to reach your potential and meet your career goals. Learning is about much more than just attending courses, and includes classroom training, virtual training, digital training, coaching, mentoring, and knowledge sharing events. During 2023, we were delighted to be awarded Investors in People Silver Award.

Workplace Initiatives

  • Programme for parents returning to work after Parental Leave? Yes
  • Leadership development programmes? Yes
  • Mentoring programmes? Yes
  • Coaching programmes? Yes
  • Employee-led diversity networks? Yes
  • Internal women’s networking groups? Yes
  • Open to discussing flexible work arrangements at interview stage? Yes
Nov 12, 2026
Full Time
Pension Insurance Corporation London, UK
Role Purpose: Join PIC as an Aladdin Investment Platform Services (IPS) Analyst and play a key role in shaping and enhancing the technology that supports our investment activities. As a subject matter expert for the Aladdin platform, you’ll work at the heart of Investments, Investment Operations and IT, providing specialist insight, resolving complex platform challenges and identifying opportunities to improve how Aladdin is used across the business and how it fits into the wider Investment Platform ecosystem. This is an opportunity to combine deep Aladdin expertise with strong investment knowledge, using your experience to influence platform enhancements, improve processes and deliver solutions that make a tangible difference to our investment teams and wider organisation. Key Responsibilities: Stakeholder Engagement - Build strong, collaborative relationships across the business and with external vendors to ensure the platform is fully understood, effectively used, and...
Nov 12, 2026
Full Time
Pension Insurance Corporation London, UK
We have an exciting opportunity to join our change team at PIC for a Project Manager to lead and deliver projects involving third-party administrators who operate in the pensions and software space. This role requires strong leadership, excellent communication skills, and proven experience in managing external vendors to ensure successful project outcomes. Responsibilities:   Responsible for the full delivery lifecycle of assigned projects. Interact with key stakeholders ensuring the business expectations are managed effectively. Provide regular update and status reporting to the PMO according to project and change function requirements. Lead the development of the project objectives, required target model and deliverables at completion and log, co-ordinate and escalate any risks and issues. Develop and maintain appropriately detailed plans, drawing out key milestones, decision and delivery points and resource requirements. Managing both internal and external resource...
Nov 03, 2026
Full Time
Pension Insurance Corporation London, UK
Role purpose You will work closely with the Origination team in supporting the successful pricing and onboarding of new business. Help ensure that pricing is competitive, aligned with the business plan, appropriate for the balance sheet and reflective of the underlying risks. You will also support the end-to-end onboarding of new transactions, ensuring that balance sheet impacts, unusual deal features and downstream implications are understood and communicated effectively. A further key focus will be ensuring that liabilities and reinsurance within the Matching Adjustment (MA) portfolio meet eligibility requirements, with any ineligible elements appropriately reflected through deal structuring. Key Responsibilities & Accountabilities Assess Matching Adjustment (MA) eligibility for new BPA and reinsurance transactions, supporting appropriate deal structuring to ensure compliance. Review and challenge new business pricing, ensuring it is competitive, reflects...
Oct 30, 2026
Full Time
Pension Insurance Corporation London, UK
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. PIC has a fantastic opportunity for an Actuary to join its Financial Planning & Analysis (FP&A) function within the Finance department. The function's aim is to delivery relevant and timely insight to Finance, ExCo and the Board to support effective decision making. This role requires the ability to effectively collaborate with Finance, Origination, Investments, Risk, and other departments at PIC as well as to apply knowledge and insights concerning FP&A activities and how these impact our policyholders and shareholders. Specific accountabilities assigned to the role of Actuary within FP&A: Support in the preparation of regular forecasts and business plan for PIC’s senior management and...
Oct 28, 2026
Full Time
Pension Insurance Corporation London, UK
Role purpose The TP&O function is central to driving efficiency, mitigating risk and maximising value from PIC’s supplier relationships. We are seeking an experienced Supplier Relationship Owner Analyst to deliver high-quality supplier reporting and insight, champion continuous improvement and collaborate effectively with stakeholders across PIC. Key Responsibilities & Accountabilities This role will play an important part in strengthening PIC’s approach to supplier relationship management, supporting the Supplier Relationship Owner Lead in maintaining the Relationship Owner framework and ensuring Third Party and Outsourcing Arrangements are appropriately governed and managed.   You will: Support Policy & Standards – Contribute to the development and continuous improvement of policies, standards and procedures underpinning the Relationship Owner framework. Deliver Reporting & Insight – Develop high-quality management information and analysis across...
Oct 15, 2026
Full Time
Pension Insurance Corporation London, UK
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. Role purpose The role requires the ability to effectively collaborate with Risk, Legal, transitions, Finance and PIC’s third party administrators to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate. You will apply your knowledge and insights of the Customer Operations function and understand how this impacts our policyholders. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders,...
Oct 14, 2026
Full Time
Pension Insurance Corporation London, UK
Role purpose The Automation & Insights team delivers automated solutions that improve and streamline processes across Finance, with a particular focus on Actuarial Finance. We are seeking an individual with an actuarial background and strong software development capability to design, develop and support technical solutions that improve business processes across Finance. Working closely with stakeholders in Finance and IT, the role will cover the full development lifecycle, from identifying automation opportunities and developing and testing solutions through to implementation, BAU support and ongoing enhancement. Key Responsibilities & Accountabilities Develop end-to-end automation of key Finance and actuarial processes, working with stakeholders to identify opportunities for improving efficiency and business capability across the Finance department. Design and develop technical solutions in collaboration with subject matter experts, using appropriate...
Oct 09, 2026
Full Time
Pension Insurance Corporation London, UK
Role purpose The TP&O function plays a critical role in enhancing efficiency, reducing costs, mitigating risks, and driving value across the entire organisation. This is achieved by looking for cost savings through negotiating favourable terms and optimising processes to eliminate inefficiencies and reduce cycle times. You will actively manage relationships with suppliers ensuring risks are assessed, mitigated and managed in accordance with relevant laws, regulations, and internal policies. You will partner with allocated teams and functions at PIC to deliver robust third party and supplier lifecycle from due diligence to selection to onboarding to renewal or exit processes. Key Responsibilities & Accountabilities Sourcing strategy - Responsible for the successful development and delivery of sourcing strategies to optimise procurement processes and achieve cost savings through tender activities, negotiating contract terms and ensuring favourable pricing, quality...
Oct 07, 2026
Full Time
Pension Insurance Corporation London, UK
We are looking for an experienced Financial Accountant to join our collaborative Reporting & Financial Management team. You will play a key role in delivering accurate statutory and regulatory reporting, maintaining strong financial controls and supporting month-end and year-end processes. Deliver accurate and timely statutory and regulatory reporting, ensuring compliance with relevant accounting standards and regulatory requirements. Maintain a strong financial control environment through effective balance sheet management, reconciliations and review processes. Support the accurate accounting and reporting of intercompany transactions, recharges and financial information across group entities. Build effective relationships with internal and external stakeholders to support audits, reporting requirements and continuous improvement initiatives. Collaborate effectively with teams across PIC to support business objectives, regulatory requirements and the delivery of...
Sep 19, 2026
Full Time
Pension Insurance Corporation London, UK
We are looking for an experienced Senior Actuary to join our Investments Business Partnering team. In this role, you will play a pivotal role in shaping investment-related decisions, supporting the management of Matching Adjustment assets, collaborating with stakeholders across the business, and driving initiatives that deliver strong customer, regulatory, and commercial outcomes. Collaborate effectively with Risk, Investments, and Finance teams to secure stakeholder buy-in and drive improvements to systems, processes, and technology. Apply knowledge and insights relating to the management of Matching Adjustment assets and their impact on policyholders. Deliver strong business outcomes across capital, profitability, brand reputation, and regulatory compliance, while consistently achieving positive outcomes for policyholders, regulators, and shareholders.  Demonstrate our Company Values through all aspects of role delivery, collaboration, and decision-making.  Specific...
Sep 10, 2026
Full Time
Pension Insurance Corporation London, UK
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. PIC is recruiting for a Senior Analyst to join its Origination department, which is responsible for supporting the new business team across a variety of operational areas to enable the team to focus on pricing, winning, reinsuring, and executing new business transactions. The role is very varied on a day-to-day basis, and any given day can include things like working with our third-party providers (e.g. actuarial cashflow providers), reporting to regulatory bodies, managing ad-hoc projects, liaising with other PIC teams (e.g. Finance, Investments), fulfilling governance and regulatory requirements, or reviewing team resourcing and training needs. You will be reporting to the Origination Office Business...
Sep 08, 2026
Full Time
Pension Insurance Corporation London, UK
At Pension Insurance Corporation (PIC), we're looking for a Principal IT Systems Engineer to join our IT Operations and Engineering team. This is a senior, hands-on technical leadership role for an experienced engineer who combines deep infrastructure expertise with modern cloud and platform engineering capabilities. You'll play a key role in shaping and supporting our enterprise technology platforms across on-premises and cloud environments, acting as a trusted technical authority and escalation point across the business. Responsibilities Act as the senior technical authority and escalation point across infrastructure, cloud, identity and platform services. Provide technical leadership and deputise for the IT Systems Team Manager when required. Drive the design, resilience and continuous improvement of on-premises and cloud platforms. Lead root cause analysis and resolution of complex technical issues and major incidents. Influence engineering standards, architecture...
Jul 29, 2026
Pension Insurance Corporation London, UK
Role Purpose: The role requires the ability to effectively collaborate with Risk / Transitions / Finance to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate. To apply knowledge and insights concerning the Customer Operations and how this impacts our policyholders. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders, shareholders, and trustees on a consistent basis. Our Company values are expected to be reflected in the delivery and performance of every role. Specific accountabilities assigned to the role of Senior Pension Operations Analyst within the Customer Operations: Supporting the Pension Services Oversight Manager, Pension Services TPA Manager and Pension Services Technical Manager to maintain oversight of PIC’s Third Party Administrators to ensure PIC Policyholders always receive exceptional...
Jul 17, 2026
Full Time
Pension Insurance Corporation London, UK
We are seeking a collaborative and commercially minded Internal Audit professional who can partner effectively with business stakeholders to drive continuous improvement across systems, processes, and technology. The role requires the ability to effectively collaborate with your business area of responsibility to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate. To apply knowledge and insights concerning the Internal Audit function and how this impacts our policyholders. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our Board Committees on a consistent basis. Our Company values are expected to be reflected in the delivery and performance of every role. Conduct Rules: You must act with integrity You must act with due skill, care and diligence You must be open and cooperative with the FCA, the PRA and other...
Jun 16, 2026
Full Time
Pension Insurance Corporation London, UK
We are seeking an experienced pensions technical specialist to support the accurate onboarding of newly secured schemes into the PIC operating model. This is a deeply technical role focused on defined benefit (final salary) pensions, ensuring the benefits payable to our policyholders are fully understood, correctly specified, and reliably delivered. Role purpose The role requires the ability to effectively collaborate with third-party administrators to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate. To apply knowledge and insights concerning the implementation of new clients with PIC and how this impacts our policyholders. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders on a consistent basis. Our Company values are expected to be reflected in the delivery and performance of every role. Specific...