Smith & Nephew in £190m buy-in with Rothesay

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Orthopaedic firm Smith & Nephew has entered into a buy-in with Rothesay Life for its two defined benefit (DB) schemes covering £190m of liabilities.

The FTSE100 company completed the transaction for its UK Pension Fund and UK Executive Scheme, with Rothesay Life carrying out 100% of the transaction. Both of the deals involved an exchange of ...

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