Clara Pensions announces superfund deal with £210m Wates Pension Fund

Deal is first superfund transaction to be conducted with an active sponsor

Jonathan Stapleton
clock • 7 min read
Simon True: Clara is not only an option only for distressed schemes
Image:

Simon True: Clara is not only an option only for distressed schemes

The trustees of the £210m Wates Pension Fund and the Wates Group have agreed to enter into a superfund deal with Clara Pensions – the first such transaction to be conducted with an active sponsor.

The UK's third ever superfund transaction comes just over a year after Clara agreed its first transaction with the trustees of the £590m, 9,600 member Sears Retail Pension Scheme and nine months af...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

London Waste scheme completes £22m buy-in with Royal London

London Waste scheme completes £22m buy-in with Royal London

Bulk annuity transaction secures the benefits for around 200 members

Martin Richmond
clock 30 May 2025 • 2 min read
Morrisons bags £270m buy-in deal with Aviva

Morrisons bags £270m buy-in deal with Aviva

Third deal with the supermarket chain and the insurer secures benefits of 32,000 deferred members

Holly Roach
clock 28 May 2025 • 2 min read
DB schemes can be an engine of UK growth for the future

DB schemes can be an engine of UK growth for the future

L&G’s Andrew Kail says it is time to stop thinking of DB pensions as a legacy of the past.

Andrew Kail
clock 27 May 2025 • 3 min read
Trustpilot