Rothesay: £260m buy-in secured for Smith & Nephew

8 August 2023

Rothesay publishes on its website:

We are delighted to announce that we have completed a £260m buy-in transaction with the Smith & Nephew UK Pension Fund (the “Fund”). This transaction completes the Fund’s objective of insuring all of its members’ benefits with Rothesay, following previous buy-in transactions in 2013, 2017 and 2022. This latest transaction secures the benefits for all remaining uninsured members of the Fund with Rothesay, including 1,885 pensioners and dependants, and 2,315 deferred members.

Source: Rothesay