Bond switch gives Boots £200m FRS17 surplus

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UK - High street chemist Boots has an FRS17 surplus of £200m on its £2.2bn pension scheme, figures for the year to the end of March show.

Boots has also released the results of its actuarial valuation which shows a surplus of £130m and 130% funding on an MFR basis. The retail giant’s preliminary accounts state: “Matching pensions ...

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