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.
Britain s largest life insurer reported operating profits of £941million for the opening six months of 2023, a 2 per cent decline on the previous year but far above analyst estimates of £834million.
The British Steel Pension Scheme (BSPS) has completed a £2.7bn buy-in deal with Legal & General (L&G), to fully secure the remaining 40% of the scheme’s liabilities.