Boots scheme completes £4.8bn buy-in with Legal & General

Largest single buy-in by premium size secures benefits of 53,000 retirees and deferred members

Martin Richmond
clock • 4 min read
Boots scheme completes £4.8bn buy-in with Legal & General

The Boots Pension Scheme has completed a £4.8bn buy-in with Legal & General (L&G), which has secured the benefits of all 53,000 retirees and deferred members of the scheme.

The bulk annuity transaction for the scheme sponsored by the health and beauty retailer is the largest single transaction by premium size and represents the largest transaction in terms of the numb...

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