• M&G completed a GBP 760 million bulk purchase annuity with the Smiths Industries Pension Scheme in July 2026.
• Deal secures benefits for more than 10,000 members and dependants, covering remaining pensioners and deferred members.
• Transaction marks the scheme’s fifth and final buy-in, completing full benefit security.
• Executed via Prudential Assurance Company, M&G’s wholly owned life and pensions unit.
• M&G targets GBP 3-GBP 4 billion of annual bulk annuity sales by 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&G plc published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.