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 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.
This week’s top stories include the University and College Union declaring “historical victory” after members voted to accept pension proposals, and the Institute for Fiscal Studies launched a “major” pensions review.