The Clara Pension Trust has now completed its first superfund transaction with the Sears Retail Pension Scheme, meaning the benefits of its 9,600 members have now been transferred.
The landmark superfund transaction between Clara Pensions and the Sears Retail Pension Scheme could herald a raft of similar deals – with new providers and similar solutions set to enter the market.
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Clara Pensions has announced it will use Moody’s Analytics PFaroe defined benefit (DB) pension risk modelling technology to help support its ‘member first’ strategy.