02 September 2010
Alliance Boots has transferred the Alliance UniChem final salary
pension scheme valued at around £300m to a specialist buyout
company known as Pension Insurance Corporation (PIC).
It is believed that the scheme has approximately 3000 members
and that they will now be issued individual insurance policies for
each member to detail out their secured pension rights.
A statement by Alliance Boots stated:
"The trustees have written to all members to explain the
insurance arrangements, including the subsequent issue of
individual insurance policies."
"Members benefits are otherwise unaffected and when all have
been secured, the Alliance Unichem UK scheme trust will be
dissolved,"
Anyone with questions about how buy outs work or have any other
general questions about their pension can speak to one of our
advisor on 0845 601 2923.
