- 12 June 2026
WTW provides analysis of the pension disclosures made by FTSE 350 companies with 31 December 2025 year-ends....
DB superfunds: From niche solution to £180bn market
- INSTITUTIONAL INVESTORS
- Visit
- 29.04.26
Market confidence in DB superfunds has been boosted by five high-profile transactions completed by Clara Pensions. Clara's recent transaction with the Church Mission Society Pension Scheme, in particular, has demonstrated how making use of a ‘connected covenant' structure can open up the market to a broader range of schemes than was previously thought possible.
With the likelihood of more transactions from Clara, along with recent confirmation from The Pensions Regulator that multiple organisations are actively discussing an entry to the superfund market, it is already shaping up to be a busy year in this space. This comes against the backdrop of the Government's new permanent regulatory regime for superfunds, which should provide support for further market growth.
As the superfund market enters its next phase, with multiple providers expected to compete for transactions, two key questions naturally arise:
- How big is the potential market opportunity?
- How will a ‘mature' superfund market operate alongside established bulk annuity providers?
Read more about the DB superfund market in this article.
