Boots agrees £50m full scheme buy-in with L&G

Deal covers around 110 members of the Boots Supplementary Pension Plan

Hope William-Smith
clock • 1 min read
Boots agrees £50m full scheme buy-in with L&G

The Boots Supplementary Pension Plan (BSPP) has secured a full scheme buy-in worth £50m with Legal & General (L&G) in a deal that secures benefits for more than 110 members.

The agreement between the health and pharmaceutical retailer and L&G was announced today (12 August) and follows a long-standing relationship between the two dating back more than 20 years. "We ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Healthcare sector pension scheme secures £189m buy-in with Canada Life

Healthcare sector pension scheme secures £189m buy-in with Canada Life

Deal secures the benefits of 1,100 deferred members and over 600 members with pensions in payment

Holly Roach
clock 19 December 2025 • 2 min read
Skanska Pension Fund agrees £525m full buy-in with Standard Life

Skanska Pension Fund agrees £525m full buy-in with Standard Life

Transaction secures the benefits of 5,500 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Peel Ports scheme secures £230m full buy-in with PIC

Peel Ports scheme secures £230m full buy-in with PIC

Transaction secures the benefits of around 2,000 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Trustpilot