NEWS   |    March 23, 2022

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.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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