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BRIEF-Smiths Group says extends pension de-risking

Published 2017-10-20, 02:22 a/m
BRIEF-Smiths Group says extends pension de-risking
SMIN
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Oct 20 (Reuters) - Smiths Group Plc SMIN.L :

* TRUSTEE OF SMITHS INDUSTRIES PENSION SCHEME HAS ENTERED INTO A BULK ANNUITY BUY-IN AGREEMENT WITH CANADA LIFE

* BUY-IN POLICY COVERS LIABILITIES TOTALLING £207M RELATING TO OVER 2,000 LEGACY SCHEME PENSIONERS AND DEPENDANTS

* THROUGH A SERIES OF BUY-INS, AROUND £0.5BN OF SMITHS INDUSTRIES PENSION SCHEME LIABILITIES HAS NOW BEEN INSURED

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