Superfunds will be a “useful weapon” for defined benefit schemes moving forward, with their need solidified after the economic struggles caused by the coronavirus pandemic, Guy Opperman has said.
A burgeoning superfund market could be on the cards within three years as defined benefit (DB) scheme trustees and sponsors face myriad legislative, economic, and capacity issues, says Lane Clark & Peacock (LCP).
With the launch of an interim regime, the consolidation market is set to take off. But before superfunds begin taking on schemes, the regulator must have 'rigour and understanding' of the market, David Fairs tells James Phillips.
Defined benefit (DB) consolidator Clara is in talks over a £200m fundraising exercise, PP understands.
Interest around DB consolidators is high but there remains regulatory uncertainty around their future. Lesley Carline looks at what the future might hold for this section of the market.
A panel of experts have shared their views on how DB schemes can make good consolidation decisions. Kim Kaveh reports from the PLSA’s annual conference .
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.
The Pension Superfund has signed its second deal, agreeing to take on £300m of defined benefit (DB) liabilities from an unnamed pension scheme.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Defined benefit (DB) scheme consolidator Clara Pensions has appointed Steve Groves to its corporate board.
Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.
Redington has unveiled a report asking if DB consolidation is good for schemes and members. Kim Kaveh looks at the detail.
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.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Nine in 10 FTSE 350 defined benefit (DB) pension schemes could pay off their IAS19 deficit with less than six months of earnings, according to Hymans Robertson.
This week's top stories included the Department for Work and Pensions launching a consultation on collective defined contribution pension schemes.
Defined benefit (DB) consolidator Clara has named its four inaugural providers for legal, actuarial and secretariat advice.
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Lawrence Churchill has been appointed as the first chairman of defined benefit (DB) consolidator Clara's corporate board.
This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.
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.