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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Welcome Break Pension Plan agrees £23m buy-in with Just Group

Welcome Break Pension Plan agrees £23m buy-in with Just Group

The transaction secures the benefits of all 348 scheme members

Holly Roach
clock 12 September 2025 • 2 min read
Utmost looks to client proposition following BPA progress this year

Utmost looks to client proposition following BPA progress this year

Insurer ‘proud’ of momentum in the year since its launch into bulk annuity market

Jonathan Stapleton
clock 10 September 2025 • 1 min read
Pension Insurance Corporation posts half year results

Pension Insurance Corporation posts half year results

Insurer completes deals worth £1.1bn with eight schemes in first six months of year

Jonathan Stapleton
clock 09 September 2025 • 1 min read
Trustpilot