Clara

Redington has unveiled a report asking if DB consolidation is good for schemes and members. Kim Kaveh looks at the detail.

Defined benefit (DB) consolidator Clara will get up to £500m of capital backing from global credit investment firm TPG Sixth Street Partners (TSSP), paving the way for its first deals.

A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.

Nine in 10 FTSE 350 defined benefit (DB) pension schemes could pay off their IAS19 deficit with less than six months of earnings, according to Hymans Robertson.

This week's top stories included the Department for Work and Pensions launching a consultation on collective defined contribution pension schemes.

Defined benefit (DB) consolidator Clara has named its four inaugural providers for legal, actuarial and secretariat advice.

There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.

Lawrence Churchill has been appointed as the first chairman of defined benefit (DB) consolidator Clara's corporate board.

This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.

Defined benefit (DB) consolidator Clara has named Alan Pickering as the inaugural chairman of its trustee board as it prepares for its first transaction.