Boots inches closer to switch back to equities

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UK - Retail giant Boots has inched one step closer in its plans to move part of its £2.5bn scheme back to equities, following the departure of group treasurer Michael Burning.

Burning – who was with the firm for 19 years – was the last remaining member of the corporate team which masterminded the wholesale move of Boots pension fund’s assets to bonds some 17 months ago. ...

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