October 20, 2017 / 6:27 AM / a month ago

BRIEF-Smiths Group says extends pension de-risking

Oct 20 (Reuters) - Smiths Group Plc:

* ‍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​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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