Sackers advises Videndum plc on superfund deal

The trustees of the £43m Videndum Defined Benefit (DB) Pension Scheme have agreed to enter into a superfund deal with Clara Pensions. Sackers advised Videndum plc on the transaction.

Under the agreement, the 500 members of the Videndum DB scheme and its £43m of assets will transfer to the Clara Pension Trust. As with its previous transactions, Clara will also inject additional ringfenced capital into the scheme. Members will continue to receive their full pension entitlements.

Read more in Professional Pensions: Clara announces superfund deal with the Videndum DB Pension Scheme