UK pension insurer grabs tier two at time of ‘maximum uncertainty’

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UK pension insurer grabs tier two at time of ‘maximum uncertainty’

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Governor of the Bank of England Dr Mark Carney appearing before Treasury Select Committee at the House of Commons, London to answer questions on the Bank of England Inflation Reports. | PA/PA Wire/PA Images

Pension Insurance Corporation sold £350m of tier two capital in the sterling market on Friday, as UK issuers weather a period of ‘maximum uncertainty’ owing the UK’s departure from the EU.

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