Boots moves into bonds

The Boots pension scheme's decision to move all of its assets into bonds was made to ensure that it did not expose the company, or members, to risk, according to its advisers. The company has sold all its equities and moved into AAA-rated long-dated sterling fixed interest bonds. The move has been made over the last 18 months from a position where it held 75% equities, 20% bonds and 5% cash. John Watson, chairman of the trustees, said: 'The changes mean that the fund now better matches the needs of its members. 'The bonds have virtually no credit risk and are the closest possibl...