November 2023 saw the UKs first ever pension superfund transaction. The £590m transaction between Clara-Pensions and Sears Retail Pension Scheme saw the c9,600 Sears members benefit from an immediate increase in security.
This case study will explain the roles of Clara, the Sears Trustees and the journey that led to c9,600 members receiving enhanced security to their benefits.
Who is Clara?
Clara is a purpose-built company (Clara corporate) and purpose-built pension scheme (Clara Pension Trust) both of which have a single, clear focus of protecting the interests of and delivering results for our members.
Last update: 1 August 2024
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