Clara Pensions announces first superfund deal with Sears Retail Pension Scheme

Superfund will provide £30m of ring-fenced ‘buffer’ funding as part of the transaction

Jonathan Stapleton
clock • 5 min read

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...

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