Mercer’s forecast for the risk transfer market next year
Clara becomes first DB superfund to get TPR approval and DWP charge cap amendment
James Phillips says superfunds will provide a good alternative in the right circumstances
Clearance applications and statutory notices to members will push transfers to Q2
Fiduciary management and ESG were hot topics for Professional Pensions readers this week
Move come as consolidator prepares to conduct first transactions
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.