No Result
View All Result
Benefits Expert
  • About
  • Advertise
  • Alerts
  • Events
  • Contact
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST
No Result
View All Result
Benefits Expert
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST

Smith & Nephew pension fund completes £260m buy-in

by Benefits Expert
09/08/2023
Smith & Nephew
Share on LinkedInShare on Twitter

RELATED POSTS

Serious illness, cardiac, health, hospital, wellbeing, sick

Surge in demand for helpline services following serious illness diagnosis

Employers, encouraged, support, available, employee benefits, injured, ill, employees

HR has ‘highest’ absence rates as heavy workloads and stress hit professionals

The Smith & Nephew UK pension fund has completed a £260m buy-in deal.

The deal with Rothesay secures the benefits for all remaining uninsured members of the fund, including 1,885 pensioners and dependants, and 2,315 deferred members.

According to the fund, this transaction completes its objective of insuring all of its members’ benefits with Rothesay, following previous buy-in transactions in 2013, 2017 and 2022.

The fund is sponsored by Smith & Nephew UK Limited, a portfolio medical technology company.

LCP acted for the trustee as the lead broker on the transaction while Eversheds Sutherland and DLA Piper provided legal advice to Rothesay, and Travers Smith provided legal advice to the trustee.

Rothesay has more than £47bn assets under management, with £200m average monthly pension payments. The firm also says it is the first insurance company to be PASA accredited for policyholder experience.

Rothesay business development Katie Overton said: “We are very happy to have helped the Smith & Nephew UK Pension Fund complete its de-risking journey, securing the benefits of all its members.”

Next Post
Two in five miss out on workplace cycle savings

Pitchup launches cycling benefit to boost employee wellbeing

burnout

More than half the global workforce experiencing burnout

SUMMIT

BENEFITS UNBOXED PODCAST

Benefits Unboxed
Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
byBenefits Expert from Definite Article Media

As the professionals responsible for helping their organisations navigate NI hikes, rising employee stress levels and looming redundancies, the pressure on HR, reward and benefits teams has never been greater. 

HR is expected to lead with strength and compassion. But who is supporting the supporters?

In this episode of Benefits Unboxed, co-hosts Claire Churchard, Carole Goldsmith and Steve Herbert explore the emotional and ethical pressures HR face today, from managing redundancies to implementing complex legislation. They discuss why HR’s own wellbeing may not be the first topic of conversation, the risks that poses to employers, and the practical steps businesses can take to better support the wellbeing of the people who support everyone else.

This conversation shines a light on the resilience of the profession and why looking after HR is not just the right thing to do, but a business imperative.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
22/05/2025
Benefits Expert from Definite Article Media
Search Results placeholder

GUIDE TO CASH PLANS



CLICK TO REQUEST A FREE COPY

OPINION

Chris Andrew, EVP, Gallagher

Rewriting the deal: how hybrid and remote work is changing EVPs

Pat Sharman, Everyone Matters

What CEOs don’t know about workplace culture, but should

Jo Werker, CEO, Boostworks

Six proactive ways HR can build a happier, healthier workplace

(Left) Simon Fowler, Adviserplus, Empowering People Group, (right) Rena Christou, Halborns

Top 10 employment law reforms every HR team needs to prepare for now

SUBSCRIBE

Benefits Expert

© 2024 Definite Article Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Benefits Expert

No Result
View All Result
  • News
  • In depth
  • Profile
  • Pensions
  • Global rewards
  • Financial benefits
  • Health & wellbeing
  • Diversity & Inclusion