Renold pension scheme enters medically underwritten buy-in

Stephanie Baxter
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Renold's defined benefit (DB) pension scheme has entered a buy-in to fully de-risk around 25% of its UK pensioner liabilities.

The international supplier of industrial chains announced the £25m medically underwritten buy-in on 29 April. The buy-in covers just 35 members with higher annual pension incomes who represent a...

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