KKR's bid for Boots in jeopardy


The trustees of Alliance Boots £3.5 billion pension scheme have called for an extra £1 billion to safeguard scheme members entitlement, in light of private equity firm Kohlberg Kravis Roberts (KKR) £11.1 billion bid for the British pharmaceutical giant. Trustees of the scheme are particularly worried about the highly-leveraged nature of the bid, which could weaken the employer covenant, which is the guarantor of the fund's solvency.

In a letter to scheme members, trustee chairman, John Watson

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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