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
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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...

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