RBS swaps boost Boots

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UK - Boots has boosted the amount of inflation-linked assets in its £2.4bn pension scheme to 40% after a £150m deal with the Royal Bank of Scotland.

The move means Boots has further hedged its pensions scheme against the effects of future inflation. It achieved the increase by making 18, 22 and 28-year swaps with RBS – one of the few banks w...

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