Image:
The Boots Pension Scheme's £4.8bn buy-in with Legal & General was announced last November
The Pharmacists' Defence Association (PDA) Union has issued template letters for Boots Pension Scheme members looking to mount a “stage two” appeal over the treatment of discretionary benefits as part of the fund’s £4.8bn buy-in with Legal & General (L&G).
The buy-in – announced in November – secured the benefits of all 53,000 retirees and deferred members of the scheme. But the Pharmacists' Defence Association (PDA) said the trustees' decision to...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
