Truell slams competitors over ETV strategy

News

Fresh from successfully acquiring two pension schemes, Pensions Corporation Investments (PCI) chief executive, Edmund Truell, has hit out at competitor tactics of proposing enhanced transfer value (ETV) offers to pension scheme members in order to win buyout deals, arguing that by, "Being overly aggressive in this way you are exploiting the superior knowledge of the pension fund and insurers over the individual."

PCI, a wholly owned subsidiary of Pension Insurance Corporation Holdings, bought

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