Spirent scheme completes £142m buy-in with PIC

The transaction means all DB liabilities of the pension plan have now been fully insured

Holly Roach
clock • 2 min read
Spirent scheme completes £142m buy-in with PIC

The Spirent Communications Staff Pensions and Life Assurance Plan has completed a £142m full buy-in with Pension Insurance Corporation (PIC).

As a result of the transaction, the pensions of 1,353 members including 490 deferred members have been covered. The deal - completed in 2022 - means all defined benefit liabilities of the plan h...

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