Tag Archives: Sears
Clara’s triumph, a real deal or an expensive proof of concept?
Several people have commented on yesterday’s post that the £30mn buffer provided by Clara to support the £600mn Sears pension appears ” a little low”. A bit of digging into the Sears accounts reveals that the scheme has … Continue reading
The first superfund deal is done – Clara have consolidated the Sears scheme.
Congratulations to Clara for doing the first superfund deal – well in advance of Christmas! The FT reports Under the agreement… 10,000 members of the Sears Retail Pension Scheme will transfer to Clara Pensions, a “superfund” that promises employers a … Continue reading