PIC, a specialist insurer of defined benefit pension schemes, has concluded a full scheme buy-in of the Epson Telford Limited Pension & Assurance Scheme (‘the Scheme’) for £50 million. The transaction secures the pensions of all 368 pensioners and 493 deferred members employed by Epson Telford Limited (‘the Company’), which is wholly owned by Seiko Epson Corporation (‘SEC’). 

Headquartered in Telford, Shropshire, the Company is the only European manufacturing and distribution site for ink cartridges and textile inks. Epson Telford is part of the Epson Group, comprising more than 73,000 employees in 91 companies around the world, led by the Japan-based Seiko Epson Corporation.

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