- CMS, the international law firm, has been Clara’s legal adviser since June 2017 playing a key role in the development of our solution.
- Hymans Robertson, the pensions and risk consultancy, has been selected as the scheme’s actuarial adviser having been closely involved in developing our proposition since the beginning of the year.
- Eversheds Sutherland, the global legal practice, has been selected as legal adviser to the independent Trustees of the Clara Pension Trust.
- Ross Corporate Services, the pension scheme governance specialist, has been selected as the scheme’s secretariat.
Clara has established a new consolidation vehicle for defined benefit schemes, which will act as a bridge for members from their current company sponsor to the insured market.
Kim Toker, COO of Clara-Pensions, said: “When we designed Clara, we knew from the outset that establishing a best-in-class infrastructure that draws on the knowledge and advice of the people and firms who have spent decades in the pensions industry would be fundamental to providing a truly member-first solution.
“CMS, Hymans Robertson, Eversheds Sutherland and Ross Corporate Services each stood out to us as firms that could work in perfect partnership with Clara and our trustees as we build a business that works hard to secure pension scheme members’ futures.”
This series of advisory announcements is the latest development for Clara, as it prepares to welcome its first defined benefit pension scheme in the coming months. It follows the recent announcements that it has appointed Lawrence Churchill as its inaugural Chairman; and Alan Pickering CBE, Michael Chatterton and Frank Oldham as the first trustees of its independent governing board.
CMS provides clients with specialist, business focused advice in law and tax matters. With over 4,500 legal professionals across the world, working in sector-based teams and experts in project management, our focus is on our clients and fulfilling their objectives.
CMS is a full-service top 10 international law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, revenues totalled €1.3bn in 2017. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies.
CMS’s Pensions team is one of the largest and most highly regarded specialist pensions teams in the UK. With more than 60 pensions specialists our extensive resource allows us to confidently commit to meeting our clients’ needs efficiently, at the right level and to any timescale. The team are recognised as leaders in the pensions field, maintaining for the eleventh consecutive year our place in the top tier of both the Pensions and Pensions Litigation category in both Chambers & Partners and Legal 500 directories.
For more information, please visit www.cms.law
About Hymans Robertson LLP
Founded in 1921, Hymans Robertson is one of the longest established independent actuarial firms in the UK. We deliver a full range of services including actuarial, insurance consulting, enterprise risk management, investment consulting, third-party pensions administration and communications consulting. Our client base includes FTSE 100, FTSE 250, privately owned firms and financial institutions. We’re also recognised leaders in the field of public sector pensions.
About Eversheds Sutherland
As a global top 40 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 72 of the Fortune 100, 61 of the FTSE 100 and 120 of the Fortune 200.
With more than 2,800 lawyers, Eversheds Sutherland operates in 66 offices in 32 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.
About Ross Corporate Services
The team at Ross Corporate Services specialises in enhancing pension scheme governance through our Pensions Manager and Secretariat services. Our focus is on ensuring that trustee boards are able to discharge their duties in an efficient and effective way, with members being at the centre of what we do.
Ross Corporate Services will be working with Clara – Pensions Limited and the independent trustees of the Clara Pension Trust to build a strong governance and compliance framework and providing a top-quality service to members.
For more information about Ross Corporate, please contact us at Info@rosscorporateservices.com