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.
SourceSmiths Industries Pension Scheme secures bulk annuity buyin with Canada Life
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