UK Pensions Giant PIC Names Standard Life’s Eakins as CEO

Pension Insurance Corp. has picked industry veteran Mike Eakins as its new chief executive officer as the City of London firm looks to boost its market share amid ever fiercer competition for UK pensions.

Eakins, the chief investment officer at Standard Life Plc, will take over as CEO subject to regulatory approval, PIC said in a statement Monday, confirming an earlier Bloomberg News report. He will replace interim boss Dom Veney, who stepped in after PIC’s longtime CEO Tracy Blackwell retired at the end of last year.