Pension Insurance Corporation (PIC) has decided to stop making any new investments in real estate equity.
The decision follows PIC’s acquisition by Athora in March for around £5.7bn.
A spokesperson for PIC said: “Following the acquisition of PIC by Athora, which completed in March 2026, there has been a review of PIC’s risk appetite and investment strategy.
“Athora and PIC have subsequently decided that PIC will not be making any new investments in real estate equity. This investment strategy is consistent across the broader Athora Group.”
PIC said it remains committed to investing in real estate debt and is fully committed to investing in the UK.
“We are actively working with the government at all levels to help bring forward more investment opportunities as our sector continues to grow,” it added.
