Case Study
Debenhams Pension Scheme transfers to Clara: a groundbreaking transaction
04 Oct 2024
Following sponsor insolvency, the trustee of the Debenhams Pension Scheme tried to make the most of a tricky situation and suspected that it would be challenging to insure benefits in full.
When we were appointed, the trustee had already tried several times to find a way to continue paying full benefits by exploring the range of de-risking solutions. Based on this experience, they were conscious of the need to focus efforts of on solutions that were seen as viable to avoid unnecessary costs that would be a drain on the scheme’s finite assets.
Working closely with all stakeholders, we navigated the unique challenges facing this scheme. We’re delighted that our work resulted in a groundbreaking transaction with Clara, capitalising on an opportunity to restore and secure full benefits for scheme members.
Read our case study, where we cover:
- The challenge
- The solution
- The journey so far
- The outcome
For further insights, download our flyer, 'Efficiently transferring to a superfund'.
If you want more information about anything covered, don’t hesitate to get in touch.
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