Like many others, the Clara team operated home working trials at the beginning of March, and since mid-March, we have all worked from home; staying safe and staying well. Being member-first extends beyond the welfare of pension scheme members, to our colleagues, our professional relationships and the wider community.
We remain fully operational during the COVID-19 outbreak.
We know that many trustees and employers are looking closely at their DB pension schemes and the weakening of their covenants as a result of the current crisis. Clara’s model of consolidation replaces the uncertain employer’s covenant with pre-funded and permanent capital. The assets underpinning the security of member’s benefits are increased to buyout level on day one. As such, for many schemes worried about their employer covenant, Clara can provide safer pensions for members compared to the status quo and act as a bridge, ultimately securing an insured buy-out for members within a reasonable timeframe.
We’d be delighted to talk, whether about a potential transaction or just for a casual chat. Please do continue to email us on team@Clara-pensions.com or speak to your usual Clara contact. We’ve held many enjoyable and helpful ‘virtual’ meetings, over teas and coffees in recent weeks. Albeit, for the time being, you will have to supply your drinks and biscuits.