- Clara-Pensions partners with Broadstone again to provide administration services to members following the transfer into the Clara Pension Trust.
- Broadstone is already part of Clara-Pensions’ Third-Party Administration panel
Broadstone, an award-winning provider of pensions administration, is delighted to announce that it has been appointed to administer a new section of the Clara Pension Trust which 500 members of Videndum DB Pension Scheme (the “Scheme”) will transfer into.
It follows the announcement that Clara-Pensions (“Clara”), the member-first consolidator for defined benefit pension schemes, has completed a superfund transaction with the Scheme.
500 members of the Videndum DB Pension Scheme and £43m of assets will soon transfer to the Clara Pension Trust, where members will continue to receive their full pension entitlements.
Broadstone is already part of Clara’s Third Party Administration panel and previously partnered with Clara in April 2024 following its transaction with the Debenhams Retirement Scheme.
Paul Noone, Head of Administration Operations at Broadstone, commented:
“This appointment further strengthens our partnership with Clara. It reflects the confidence in Broadstone’s ability to provide high quality administration services both throughout and following innovative transactions.
“We are pleased to be supporting Clara once more and look forward to working closely with all parties to ensure transferring members continue to receive a seamless, secure and well-governed service. As momentum in the superfund market grows and more transactions enhance member security, it is pivotal to deliver gold-standard administration services to support an outstanding customer experience.”
Jayne Pocock, Chief Member Experience Officer at Clara-Pensions, commented:
“We have an established relationship with Broadstone and a strong track record of working together to deliver high-quality, well-governed administration for members. Their appointment reflects our confidence in their capability, experience and member-focused approach. As Clara continues to grow, it is essential that we partner with administrators who share our commitment to safeguarding benefits and delivering consistently positive outcomes for members, both during and after a transfer.”
ENDS
Media contacts – Temple Bar Advisory
Alex Child-Villiers / Sam Livingstone / Alistair de Kare-Silver / Juliette Packard
[email protected] / 020 7183 1190
About the Broadstone Group
Broadstone is a leading, independent UK consultancy delivering expert advice to employers, insurers, pension scheme trustees and lenders.
For over 40 years, Broadstone has been providing its clients with a wide range of specialist services including:
- Employee Benefits Consulting
- Pensions Administration and Actuarial services
- Investment Consulting
- Insurance Consulting across life, non-life, and the Lloyd’s and London markets
- Banking and Credit Advisory
- Financial modelling and data analytics
- Redress calculation
Broadstone’s team comprises over 800 expert consultants and administrators, including more than 85 actuaries, across twelve UK offices.
