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.
City snapshot: UK consumer confidence grows ahead of Christmas thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Legal & General Group PLC (LSE:LGEN) has signed a £4.8 billion buy-in of the 53,000-member Boots Pension Scheme, making it the UK’s largest-ever transaction.