Clara

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.

Clara, a defined benefit (DB) consolidator start-up, has appointed Richard Keyse as its chief technology officer.