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Walgreens Boots Alliance Pension Plan
The Walgreens Boots Alliance Pension Plan serves as the retirement vehicle for Boots employees in the UK. Walgreens Boots Alliance acts as the sponsoring...
Walgreens Boots Alliance Pension Plan
The Walgreens Boots Alliance Pension Plan serves as the retirement vehicle for Boots employees in the UK. Walgreens Boots Alliance acts as the sponsoring parent through Boots UK Limited and Weybright FSL Limited. The plan allocates across real estate via a Schroders multi-manager mandate focused on UK core, value-added and opportunistic property. It holds limited partner positions in Basalt Infrastructure Partners III, Kennedy Lewis private credit strategies, Mirova energy vehicles, Leadenhall insurance-linked securities and Ownership Capital. Geographic reach centers on the United Kingdom with additional commitments spanning Europe and the United States. The scheme completed a £4.8 billion full buy-in with Legal & General in November 2023, covering all 53,000 members. Service providers include Cardano and Aon as investment advisors, Law Debenture as independent trustee, and Northern Trust as custodian. No additional offices or staff counts are recorded. The plan operates under a defined-benefit structure with a sponsoring-employer guarantee and an asset-backed contribution vehicle tied to UK retail property.
General information
Firm type
Pension Fund
Year founded
2014
Location
Region
Europe
Country
United States
City
Deerfield
Sector focus
Frequently asked questions
Who sponsors the Walgreens Boots Alliance Pension Plan?
Boots UK Limited serves as the sponsoring employer. Walgreens Boots Alliance provides the parent guarantee through Weybright FSL Limited.
What asset classes appear in the plan's holdings?
Confirmed exposures include UK real estate through Schroders, infrastructure via Basalt, private credit through Kennedy Lewis, energy strategies at Mirova and insurance-linked securities at Leadenhall.
Did the plan execute any large transactions in the last 24 months?
In November 2023 the scheme entered a £4.8 billion full buy-in with Legal & General that transferred economic risk for all 53,000 members.
Which service providers support the plan?
Cardano and Aon act as investment advisors. Law Debenture Pension Trust Corporation serves as independent trustee. Northern Trust provides custody.
How is the plan's real estate exposure structured?
A Schroders multi-manager mandate channels capital into UK property vehicles. An asset-backed contribution structure backed by UK retail assets also supports the scheme.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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