All Superfunds articles
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News
Clara Pensions plots private markets push with new investment vehicle
Defined benefit consolidator Clara Pensions intends to invest up to 35% of its assets into private markets.
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News
LCP forecasts more new entrants to bulk annuity market in 2025
This year will bring a new defined benefit (DB) consolidator and another entrant to the bulk annuity market, according to consultancy group LCP.
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News
Wates Pension Fund transfers to consolidator Clara
Defined benefit (DB) pension scheme consolidator Clara-Pensions has completed its third transaction, taking on the £210m Wates Pension Fund.
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News
Superfunds trump insurers for schemes exiting PPF assessment
Consolidators such as Clara Pensions could be a more popular future path for defined benefit (DB) pension schemes seeking to exit the Pension Protection Fund’s assessment process, according to a survey.
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Opinion
Only pension reform can save the economy
The pensions system is broken and radical reform is needed. But will the chancellor’s steps be bold enough?
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News
The industry’s wishlist for the autumn statement
Pensions didn’t feature in the King’s Speech – what would the industry like from the autumn statement?
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News
UK’s first commercial pension ‘superfund’ deal has been cleared
Move provides a new route for employers to ditch weaker retirement programmes
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News
The next step towards a superfund regime
The Pensions Regulator (TPR) has published revised superfund guidance following government plans to legislate the consolidation schemes.
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News
Mansion House reforms: Pension innovation, reformation or mess?
As the pensions industry digests the impact of Chancellor Jeremy Hunt's announcements in his Mansion House Speech, there are already concerns being voiced over the speed and scope of the proposed and planned changes.
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News
DB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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News
Think big: Think tank suggests creation of regional superfunds
The Tony Blair Institute has has suggested that thousands of public and private sector pension plans should be pooled into a series of regional ‘superfunds’ with assets of up to £500 billion, as part of an “extremely radical” proposal to free billions of pounds of investment capital to boost the growth of UK businesses.
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News
TPR approached a ‘number of times’ by capital-backed consolidators
The Pensions Regulator has been approached a “number of times” by companies working on capital-backed consolidation models, according to Charles Counsell, who has called for superfund legislation.
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News
Guy Opperman removed as pensions minister
The UK’s longest-serving pensions minister, Guy Opperman, has been removed from his post by new prime minister Liz Truss, after five years in the role.
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News
TPR misses four key performance indicators
On the go: The Pensions Regulator achieved 10 of 14 key performance indicators in its year to March 31 2022, and has stated that it is aiming to boost its headcount after staff numbers ended the period below forecast levels.
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News
Guy Opperman reappointed pensions minister
Guy Opperman has agreed to return to his pensions minister post until a new leader of the Conservative party is elected.
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News
Government resignations throw pensions into ‘turmoil’
Collapsing scenery in and around Downing Street has sparked fear in the pensions industry, as the resignation of pensions minister Guy Opperman brings important reforms to a halt.
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News
TPR’s new DB funding code expected in September 2023
The Pensions Regulator expects its much-anticipated new defined benefit funding code to be in place and operational by September 2023, according to its latest corporate plan.
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News
Clara ‘in talks’ to raise £100mn of new funding
On the go: Clara-Pensions, the first defined benefit “superfund” to be approved by the Pensions Regulator, is in talks to raise £100mn of new funding.
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News
Podcast: ‘Pot follows member’ legislation needed to solve small pots problem
Podcast: Industry consensus is needed to support a ‘pot follows member’ solution to the small pots problem, with previous attempts to solve it having failed, says Henry Tapper, executive chair of AgeWage. He is joined by Tom McPhail, director of public affairs at the Lang Cat, to discuss small pots, commercial consolidators, and more McCloud woe for the Local Government Pension Scheme.
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News
Mid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.