Bank of England (BoE) governor Andrew Bailey is understood to have warned against superfund consolidation of defined benefit (DB) pension schemes less than a week after the entities were given the green light by The Pensions Regulator (TPR).
Defined benefit (DB) scheme consolidators The Pensions Superfund and Clara Pensions are both set to begin transacting as soon as possible after new guidance for their operations was issued by The Pensions Regulator (TPR).
Defined benefit (DB) consolidator Clara is in talks over a £200m fundraising exercise, PP understands.
Guy Opperman has held onto his role as minister for pensions and financial inclusion after an action-packed cabinet reshuffle yesterday.
Many schemes are actively thinking about defined benefit (DB) consolidation and are waiting in the wings for the superfunds to prove themselves before engaging, Clara says.
In this webinar, panellists discuss some of the key questions around defined benefit consolidation, including what it is trying to achieve and the suitability of various models.
Defined benefit (DB) consolidator Clara will get up to £500m of capital backing from global credit investment firm TPG Sixth Street Partners (TSSP), paving the way for its first deals.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
With DB consolidation vehicles set to take the limelight, James Phillips speaks to Clara co-founders Adam Saron and Kim Toker about the fund's model, ambition and wider views
Lawrence Churchill has been appointed as the first chairman of defined benefit (DB) consolidator Clara's corporate board.
Defined benefit (DB) consolidator Clara has named Alan Pickering as the inaugural chairman of its trustee board as it prepares for its first transaction.
Clara, a defined benefit (DB) consolidator start-up, has appointed Richard Keyse as its chief technology officer.