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flag Aviva secures £700M deal to safeguard pensions for over 7,350 ABB Plan members.

flag Aviva, a UK insurance company, has completed a £700 million deal to secure pensions for over 7,350 members of ABB Plan, a UK pension scheme. flag The transaction, finalized in July, includes the transfer of £620 million in bonds and UK gilts, ensuring long-term financial security for the pensioners and deferred members. flag This move by ABB, a global technology leader, aims to reduce its pension risk.

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