Pinsent Masons advises trustee on Videndum DB Pension Scheme transfer to Clara

Under the transaction, members of the Videndum DB Pension Scheme will transfer to the Clara Pension Trust, supported by the injection of additional ring‑fenced capital to enhance the long‑term security of member benefits as they progress towards an insured buyout.

The transaction represents the latest in a growing number of superfund transfers in the UK market, reflecting increasing momentum behind superfund solutions and their role in improving outcomes for defined benefit pension scheme members.

Pinsent Masons advised the Trustee on all legal aspects of the transaction, working closely with the Trustee’s wider advisory team to support the transfer process.

Pinsent Masons Pensions Partner Anna Taylor who led on the transaction, said: “This transaction is another strong example of how superfunds can provide trustees with a credible, well‑regulated option to enhance the security of members’ benefits and support a clear journey to buyout. We were pleased to support the Trustee through a careful and considered process, grounded in member interests and long‑term benefit security.”

Pinsent Masons continues to advise trustees, sponsors and other stakeholders on the full range of pension risk transfer solutions, including superfund transactions, buy‑ins and buyouts.