PIC, a specialist insurer of defined benefit pension schemes, has concluded a £204 million full buy-in of the Arqiva Defined Benefit Pension Plan (“the Plan”). The transaction secures the pensions of both deferred and pensioner members of the Plan, which is sponsored by Arqiva Limited (“the Company”), a British telecommunications company, comprising 589 current pensioners and dependents and 215 deferred members. 

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