Pharmacists to launch complaints over Boots Pension Scheme buy-in

Members concerned about the removal of an unreduced pension option

Jonathan Stapleton
clock • 2 min read
The Boots Pension Scheme's £4.8bn buy-in with Legal & General was announced this year
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The Boots Pension Scheme's £4.8bn buy-in with Legal & General was announced this year

Pharmacists are considering submitting a series of formal complaints to the Boots Pension Scheme raising concerns 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 last month - 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 ...

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