Smiths Group completes £146m buy-in with Canada Life

James Phillips
clock • 1 min read

The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.

The £3bn scheme conducted an auction process to take advantage of strong pricing throughout the turbulent markets. Today's buy-in follows a £176m buy-in with Canada Life last year, and a separat...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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