The transaction is Clara’s second deal and brings its assets under management to more than £1bn.
Latest articles from Nick Reeve
TPR boss outlines consolidation drive
Nausicaa Delfas wants to raise governance standards and improve member outcomes by encouraging further consolidation in the DB and DC markets.
LGPS Central backs M&G real estate debt fund with £200m
The Midlands-based local authority asset pool has contributed to a £350m fundraise.
Royal London enters bulk annuity market with two deals
The mutual insurance and investment group is first of two predicted new entrants to the pension insurance sector.
Don’t lose sight of members in surplus debate
Trustees could be given new powers to extract surpluses from DB schemes, but members need to come first.
How are DB schemes changing the gilts market?
Data from Bloomberg Intelligence suggests that DB schemes could sell out of the gilt market completely in seven years. But is it accurate?
What the Budget means for the LGPS
Local authorities have been given some key duties in chancellor Jeremy Hunt’s Budget speech.
Poor performers to face new business ban
The Treasury is to give more powers to regulators to improve value for money and performance accountability.
Treasury to force reporting of UK investment allocations
Jeremy Hunt has unveiled more proposals aimed at boosting DC schemes’ investment in the UK economy.
Trustees ‘need more flexibility to support members’
As the FCA closes its consultation on the advice-guidance boundary, there are calls for more work to be done to support pension scheme trustees.