28 Nov 2017

Pensions set to rise by up to 3.9% in the Boots Pension Scheme

As you may already be aware, your pension from the Scheme increases each year – broadly in line with the annual change in the Retail Prices Index (RPI). The RPI measures the change in price of goods and services, which increased by 3.9% in the year to September. Please note, if you are over 60 (for females) or 65 (for males) you may have an element of pension known as Guaranteed Minimum Pension (GMP) which increases on a different basis. Further details and notes will be confirmed in the letters sent out in April.