Smiths fully insures 17,000 members with £760m M&G buy-in
By IAN Editorial Desk
21 July 2026·Updated 26 August 2026·1 min read
Primary source: smiths.com
The £760m buy-in with M&G is the fifth and final transaction for the Smiths Industries Pension Scheme, covering all remaining members.
Smiths Group today completed a £760m pension scheme buy-in with M&G for the Smiths Industries Pension Scheme, securing the benefits of more than 10,000 members in the latest step of the scheme’s de-risking programme.
The bulk purchase annuity buy-in was the fifth and final transaction for the scheme, covering all remaining pensioner and deferred members. After completion, all approximately 17,000…
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