John Ralfe News Today

A row has erupted at Boots as changes to the company’s generous pension scheme threaten to upend the retirement plans of thousands of pharmacists.

Financial Conduct Authority pension scheme swings from surplus to deficit, with defined-benefit plan a possible victim of Liz Truss mini-budget

The High Street chemist was put up for sale with a £7billion price tag last year but US owner Walgreens Boots Alliance backtracked a few months later.

The American owner of Boots is set to pay £1 billion to offload responsibility for the pharmacy chain’s huge pension scheme as it prepares to relaunch the sale

Many pension funds are turning their backs on British businesses, investing as little as 0.3 per cent of their billions of pounds in companies listed in the UK.

Many pension funds are turning their backs on British businesses, investing as little as 0.3 per cent of their billions of pounds in companies listed in the UK.

MP retirement savings have been pulled out of British companies – despite the Chancellor pushing pension schemes to invest tens of billions in UK business.

The number of retired NHS staff on pensions worth more than £100,000 a year has doubled since 2020.

Retailer’s unsecured creditors, who include suppliers, will recoup less than 8% of what they are owed

Collapsed budget retailer’s 12,500 workers wait to hear whether buyer has emerged