Smiths Industries Pension Scheme secures bulk annuity buyin with Canada Life

17 November 2020

On 27 October 2020, the Trustee of the Smiths Industries Pension Scheme secured a further £146.5m bulk annuity buyin agreement with Canada Life, which insured the benefits of a further c.1,000 pensioners, demonstrating further progress in the de-risking of the Company’s pension liabilities.

Source: Smiths Group