Hays plc (GB:HAS) has released an update.
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Hays plc has de-risked its UK defined benefit pension scheme with a £370 million bulk annuity policy, effectively insuring all financial and demographic risks associated with the scheme’s liabilities. This strategic move eliminates pension-related balance sheet volatility and is expected to boost the company’s free cash flow from FY26, enabling more investment in growth and shareholder returns. By securing this buy-in, Hays demonstrates its commitment to financial stability and stakeholder benefits, marking a significant step in its pension management strategy.
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