Sears scheme fully transfers into Clara in first superfund transaction

The benefits of the 9,600 members of the Sears Retail Pension Scheme have now been transferred

Jasmine Urquhart
clock • 1 min read
The benefits of the members of the Sears Retail Pension Scheme have been fully transferred
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The benefits of the members of the Sears Retail Pension Scheme have been fully transferred

The Clara Pension Trust has now completed its first superfund transaction with the Sears Retail Pension Scheme, meaning the benefits of its 9,600 members have now been transferred.

The transaction, completed yesterday (28 November), was approved by The Pensions Regulator earlier this month, and provides members with an additional £30m of ring-fenced capital. The deal marks...

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