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Boots Pensions Limited
Boots Pensions Limited was incorporated in 1935 to deliver retirement benefits to employees of The Boots Company PLC. The scheme remains sponsored by the UK...
Boots Pensions Limited
Boots Pensions Limited was incorporated in 1935 to deliver retirement benefits to employees of The Boots Company PLC. The scheme remains sponsored by the UK retail pharmacy business now owned by Walgreens Boots Alliance. The fund maintains exposure to private equity through commitments such as Basalt Infrastructure Partners III and Kennedy Lewis Capital Partners Master Fund II. It also holds direct interests in UK commercial property via the Pension Funding Partnership and a Schroders-managed portfolio. Geographic focus stays within the United Kingdom with additional allocations to global infrastructure and financial services vehicles. Service providers include Legal & General for the bulk annuity covering roughly 53,000 members, Northern Trust as custodian, and Aon as scheme actuary. Two charitable vehicles, the Boots Benevolent Fund and Boots Charitable Trust, operate alongside the pension scheme. The pension fund operates under UK regulatory requirements with an independent trustee and external actuarial oversight.
General information
Firm type
Pension Fund
Year founded
1935
Location
Region
Europe
Country
United Kingdom
City
Nottingham
Corporate office
1 Thane Road West, Nottingham, NG2 3AA, United Kingdom
Sector focus
Frequently asked questions
Who sponsors the Boots Pension Scheme?
The Boots Company PLC serves as the principal sponsoring employer. Walgreens Boots Alliance acts as the ultimate parent.
What asset classes appear in the fund's allocations?
Holdings include private equity, UK commercial real estate, infrastructure funds, and fixed income vehicles.
Does the scheme use bulk annuities?
Yes. A Legal & General bulk purchase annuity covers benefits for approximately 53,000 members.
Which service providers support the scheme?
Legal & General provides the annuity, Northern Trust acts as custodian, Aon serves as actuary and consultant, and RSM UK performs the audit.
Are there related charitable structures?
The Boots Benevolent Fund and Boots Charitable Trust provide employee welfare and Nottinghamshire community grants.
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