Sackers advises Sears Retail Pension Scheme on first superfund deal
The trustees of the £590 million Sears Retail Pension Scheme have agreed to enter into the UK’s first ever superfund transaction with Clara-Pensions. The Sears Trustees have written to the 9,000 scheme members informing them of the intention to transfer their pension benefits to the Clara Pensions Trust. Clearance for the transfer has been received...