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Tag Archives: Superfund
M&G’s “push me, pull you” bulk purchase annuity!
In a week when Standard Life announced they were replete with funds there was more interesting news (to me at least ) from M&G which is also Prudential. As I understand it from my friend John Quinlivan, this is a … Continue reading
Good news for pension’s superfunds?
This has been a week when superfunds have been in the news, mainly because David Walmsley of the Pensions Regulator gave Professional Pensions this headline Well “superfund” means a lot of things. To Clara , it means a bridge to … Continue reading
TPT on the VFM podcast (DB, DC , mastertrust, superfund and CDC)
I think I deserve a medal for lasting the full 83 minutes + of this blog but I did and though it didn’t talk about what I wanted to know more about (CDC and superfunds), it was good to hear … Continue reading
Why are there still 4,838 DB schemes and what will happen in 2026?
Thanks to the Pension Protection Fund for using its data gathering prowess to keep those of us working in and commentating on pensions, armed with the right information. It’s the latest stuff from the Purple Book and it shows just … Continue reading
The Pension Trust could run a Pension Superfund
You can read the press release from TPT about the £1bn launch being planned. I have worked with Edi Truell and know his intentions were to share returns from the Pension Superfund he wanted to launch with members. Sadly this … Continue reading
How to re-define superfunds! “Interpretation” leads to “General Provision”.
Excuse me in strolling into an area for defined benefits that I call “pension capitalism”. I am not a financier, I am not an actuary, I am someone who sits at the other end of the process, helping ordinary people … Continue reading
Superfunds laid to rest in the quietest graveyard
The DWP has a long list of duds, it has developed a capacity to convert a popular idea into a product that is singularly unloved. The list includes the DB pension, the CDC pension , the pension dashboard and … Continue reading
Clara’s Party
Clara celebrated its first deal in style last night. The deal with Sears’ Pension Scheme is the proof of concept for superfunds but it a £31m boost for the 9,500 pensioners and deferred pensioners who otherwise had the eventual prospect … 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
WTW can bring pensions to life for DC savers, but they need our help.
The headline says everything that is right about Willis Towers Watson’s intention and captures the problem it is facing. The DC saver needs a simple way to turn their pot to a pension, but breathing life into “CDC or “Collective … Continue reading