Boots Pension Scheme secures a £4.8 billion full buy-in with Legal & General
“This agreement with Legal & General gives added protection to our members’ long-term benefits by removing market uncertainty and other financial exposures. We welcome the additional payment from Boots, in addition to the sum it has already committed. As a result, the Scheme will not be reliant on Boots to pay benefits to members and our members’ pensions will be protected for decades to come. I would like to take this opportunity to thank my fellow Trustee directors and our predecessors, the Scheme officers and advisers for their hard work over many years to reach this positive outcome for our members.”
Alan Baker on behalf of Law Debenture Pension Trust Corporation plc, as Chair of Trustee of the Boots Pension Scheme
