Sackers advises on £4.8bn buy-in for Boots Pension Scheme
The trustees of the Boots Pension Scheme have concluded a buy-in with Legal & General, insuring in total £4.8bn of liabilities and covering the pensions of all 53,000 retirees and deferred members of the scheme. Sackers are longstanding advisers to the trustees and advised throughout the transaction. This is the largest single transaction by premium...