Partner Jane Kola comments in The Sunday Times on the possible effect superfunds may have on the sector
Clara-Pensions has become the first defined benefit (DB) superfund to complete The Pensions Regulator’s (TPR) assessment process.
The industry has described TPR’s approval of the Clara-Pensions DB superfund as a “significant milestone” and a “landmark day” for DB schemes in the UK, yet the question has been raised as to the effect it will have on the provision of DB pensions.
Jane Kola commented:
“Final salary schemes are increasingly finding that they need time as much as they need money. In some cases, the contributions are no longer their focus. Corporate longevity is the real issue. For these schemes, superfunds are likely to be attractive as an option if the sponsoring company is struggling. It would be a shame if those schemes did not explore this option.”
Read Jane’s comments in The Sunday Times via Raconteur.
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