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
Image:

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Deal using BPA-plus proposition secures the benefits of 650 scheme members

Martin Richmond
clock 10 September 2026 • 2 min read
UK BPA volumes in H1 2026 expected to exceed £10bn

UK BPA volumes in H1 2026 expected to exceed £10bn

Aon says the BPA market remains as ‘competitive as ever’

Martin Richmond
clock 09 September 2026 • 2 min read
Manufacturing sector scheme secures £11m buy-in deal with Just Group

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Transaction secures the benefits of 87 members of the scheme

Holly Roach
clock 03 September 2026 • 1 min read
Trustpilot