The Pensions Management Institute (PMI) has partnered up with Clara-Pensions to introduce a new academy to enhance professional education on superfunds.
The PMI and Clara-Pensions Academy Partnership focuses on enhancing industry understanding of the innovative superfund consolidation model. Clara-Pensions, the first DB superfund to pass TPR’s assessment in 2021, solidified the partnership with a landmark deal in 2023.
The PMI establishes Academy Partnerships with organisations that are experts in the field to exchange best practices and information. PMI’s Academy Partnerships give members access to resources and knowledge for professional development. They provide PMI members with training sessions, webinars, case studies, and educational resources covering important industry subjects.
PMI CEO Gareth Tancred says: “The partnerships with Clara-Pensions will provide our members with unparalleled understanding from the leading superfund experts. This is a particularly exciting time for us to partner with Clara-Pensions. On 6 November, Clara-Pensions agreed a deal with the £590 million Sears scheme to complete the UK’s first superfund transaction.
“We are delighted to be working with Clara-Pensions at the time of this landmark event. We look forward to working with Clara-Pensions and our other existing partners in championing professional development in the pensions industry.”
Clara-Pensions head of trustee services Jayne Pocock says: “The first pension scheme members have now joined Clara-Pensions and we continue to see growing interest in the superfunds concept. With interest so high, and this idea still only a few years old, it felt like the perfect moment to join the PMI as an Academy Partner.
“We’re looking forward to working with the PMI to explain all the key elements and advantages of superfunds and the Clara-Pensions model specifically as our business continues to make defined benefit pensions safer.”