Boots chemists at war over 'callous' pension changes
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.
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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.