Sears Retail Pension Scheme

Superfund looking at small scheme proposition as well as value share offer

Follows Clara’s superfund deal with Debenhams scheme for which Broadstone administers

Partnership means PMI members have chance to improve understanding of superfund models

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

Majority say it is ‘very likely’ more schemes will follow Clara Pensions’ lead

True says Sears deal comes as ‘a relief’ after ‘devestating’ market volatility of last year

Superfund will provide £30m of ring-fenced ‘buffer’ funding as part of the transaction