The trustees of the £590m Sears Retail Pension Scheme have agreed to enter into the UK’s first ever superfund transaction with Clara Pensions.
The deal - which received regulatory clearance from The Pensions Regulator (TPR) on Friday (3 November) - will see Clara inject an additional £30m of ring-fenced funding to support the 9,600-member...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
