Earlier this month Clara had the pleasure of announcing the first agreement with the Trustees of the Sears Retail Pension Scheme. In this video we talk to Clara’s Chief Financial and Operating Officer, Richard Zugic, to hear about this exciting journey.
More and more defined benefit pension schemes are finding themselves in the wonderful position of being well funded and able to afford an insurance buy-out transaction. Being in such a position is indeed great news, but it also opens up a number of options for well-funded, strong-covenant schemes, with sponsors willing to remain engaged for a longer term.
As custodians of pension assets for future
generations, trustees might consider alternative long term funding solutions. We explore this in our latest video.