Members are at the heart of what we do. Our mission is to ensure you’re paid your promised pension by working to secure our members’ full benefits in the insured market as efficiently as possible.

If your promised pension passes to Clara, we’ll provide you with information at that point. Please note that we cannot offer you any advice on your pension. Clara will never contact you asking for details about your pension or any other financial services. Clara does not charge any fees to members and we’ll only ask for your bank details as part of our formal process when we start paying your pension.

First and foremost, we’re focused on getting the best results for you. Supported by a robust capital buffer, you can be assured that your pension is well-funded from day one where it will be managed with a prudent and appropriate level of risk.

By transferring your defined benefit pension to Clara, your scheme’s trustees are taking steps to ensure that promises made will be kept. They will have been working to a long-term plan for what the right future would be for their pension scheme and its members. For some pension schemes Clara won’t be the best choice as the scheme’s trustees can manage the journey to buy-out. Others will choose consolidators like Clara to help them make that journey to buy-out safer.

As a dedicated consolidator, backed by funded capital, Clara offers a lower-risk path to buyout via insured pension provision. Meaning you have a team dedicated to delivering your pension, while your employer or former employer can turn their attention back to the future of their business. Our model, governance and services to members are all about looking after people on that journey. Your trustees will have looked carefully at Clara, undertaking detailed due diligence to ensure that we are the right choice.

We understand you may have questions about how Clara works and what this might mean for your pension. The most important thing is we won’t change your promised pension: our goal is to deliver on that promise. Should your scheme decide to consolidate with us, your payments may be paid from a different source in future.

If your pension scheme is considering consolidation with us, they’re your best point of contact and will keep you updated as required. Alternatively, you can contact MoneyHelper for free and impartial guidance.