UK - Retail giant Boots has said that its pension charge is expected to rise by £40m to £70m in 2004/05, on the back of falling bond yields and the "roll-off" of the amortisation of earlier surpluses.
In 2002, the £2.4bn scheme had moved its entire investment portfolio to bonds. Cash contributions that the group makes to the pension scheme are also expected to rise from the current level of £...
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