Exploring DB scheme consolidation

A closer look at Clara-Pensions

18 Jan 2022

Now that Clara-Pensions (Clara) has completed TPR’s assessment, we have refreshed our in-depth review of Clara to shine a light on its proposition, looking at:

  • What is Clara-Pensions and how does it work?
  • What is the impact of Clara-Pensions on member outcomes? 
  • How can you approach the 3rd gateway test, to consider the impact on member outcomes? 
  • When might Clara-Pensions be an appropriate option to consider? 
  • What does the future hold? 

It’s clear that commercial consolidation is coming. Key questions now focus on which schemes should explore whether to transfer, the decision framework to determine if they should and how the superfund market will grow. Our document seeks to provide some initial answers and predictions to these questions.

If you would like us to take a ‘closer look’ at your own situation – whether you are a master trust, insurer, commercial consolidator, sole trustee or investment platform – please get in touch.

A closer look at Clara-Pensions


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