BOOTS PENSION SCHEME

That this House notes the proposed acquisition of Alliance Boots by KKR; is concerned that the future of the Alliance Boots Pension Scheme has not yet been secured; urges KKR to reach a speedy settlement in relation to the Boots Pension Scheme to ensure that all 66,710 members of the scheme can feel confident that they will continue to receive their full entitlements when they fall due; and proposes the establishment of an investigation into the powers of pension fund trustees to protect the interests of their members where there is a significant weakening of the financial strength of the employer as a result of its acquisition by a highly leveraged company.