An implantable magnetic transducer arrangement is described for a hearing implant in a recipient patient. An implant housing hermetically encapsulates an interior housing volume and is fixedly attached to skull bone beneath the skin of the patient. A magnetic transducer is located within the housing volume and includes multiple pie-shaped permanent magnets wherein adjacent magnets have different direction magnetic polarities, and one or more suspension elements that resiliently couple adjacent magnets to allow their relative movement. The magnetic transducer is operatively coupled to an external magnetic drive component above the skin of the patient to form an oscillating system that develops a mechanical stimulation signal to the implant housing for delivery by bone conduction of the skull bone as an audio signal to the cochlea of the patient.