Boots scheme completes £4.8bn buy-in with Legal & General
The Boots Pension Scheme has completed a £4.8bn buy-in with Legal & General (L&G), which has secured the benefits of all 53,000 retirees and deferred members of the scheme.
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The Boots Pension Scheme has completed a £4.8bn buy-in with Legal & General (L&G), which has secured the benefits of all 53,000 retirees and deferred members of the scheme.
The move represents the UK's largest-ever pension buy-in deal
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.
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